Atlanta Real Estate Market Trends | South Atlanta Industrial Q2 2020

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SouthAtlanta_2019

After seeing negative quarterly absorption for the first time in 4.5 years, South Atlanta returned to positive levels in Q2 with occupancy gains totaling just under 850,000 square feet.

Key Takeaways

  • Logistics companies helped fuel the positive activity this quarter. SBS Transportation, HWC Logistics and FedEx were among the largest occupancies in Q2.
  • Overall vacancy increased slightly for the submarket, but this is due to deliveries outpacing absorption levels. Just over 1.2 million square feet of speculative product was added in Q2.
  • Leasing activity in South Atlanta has been on fire this quarter thanks to strong demand from Amazon and also consumer durable companies such as Ferrero USA.
  • South Atlanta is anticipated to finish the year strong as Amazon begins to take occupancy of its 2.5 million square feet it has recently leased in the submarket.

2Q20_IND_SAtlanta

Atlanta Real Estate Market Trends | South Atlanta Industrial Q2 2020

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Scott Amoson

Director - Research

Atlanta

Scott is the Director of Research for Colliers International in Atlanta, Georgia.  In his role, Scott supports all of the company's brokers in the Atlanta office.  He also manages the Research Associate in the company, and mentors an intern annually during the summer.

Scott began his real estate career in 2000 as a research assistant with Richard Bowers & Co., a local brokerage firm.  He joined Colliers International in Atlanta in 2003.  Scott specializes in aiding the company's clients with geographical, informational and analytical research.  With his extensive knowledge, he provides customized research data including:  market trends, lease and sales comparables, plats/ownership information, demographics, prospect information and economic information.  In addition to supporting the company's brokers and staff, his other responsibilities include compiling and writing quarterly market and submarket newsletters, maintaining the company's internal database of over 10,000 sales and lease transactions, and tracking news/trends related to Atlanta's commercial real estate market.  He is frequently called upon by local news sources for his knowledge and expertise of real estate matters in Atlanta.

As a member of the Colliers International Research Council, he advises on quarterly conference calls and provides valuable input on matters directing the research platform for Colliers International.  Scott was recently selected as the Research Ambassador for the Southeast Region as a part of Colliers International's Centers of Excellence platform.

Scott is a native of Atlanta, and enjoys spending time with his wife Lupe and daughter Sienna.  He is an avid golfer and loves vacationing with family.

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