ACBR Market Brief: Q3 2016 Industrial Market

The Atlanta Commercial Board of REALTORS® (ACBR), the largest commercial REALTOR® association in the country, released its Q3 2016 Industrial Brief on industrial market trend statistics for 22 Atlanta Industrial Sub Markets.

Q3 2016 Industrial Market Statistics

LABOR: According to the Bureau of Labor Statistics, the unemployment rate dropped 0.9 percentage points from 6.0% in July 2015 to 5.1% in July 2016.  The Atlanta metropolitan statistical area job creation totaled 74,800 in the Atlanta-Sandy Springs-Roswell metropolitan statistical area over the past year.

ABSORPTION: The Atlanta metro absorbed over 1.9 million square feet (msf) during 3Q 2016 and 10.8 msf year-to-date.

VACANCY: Due to approximately 10.5 msf of space being completed during 2016, the overall vacancy rate has only fallen 0.1 percentage points to 9.0% in Q3 2016 from 9.1% at the close of 3Q 2015.  Industrial vacancy rates rose from 8.7% in 2Q 2016.

CONSTRUCTION: There are currently 26 buildings totaling approximately 9.9 million square feet (msf) under construction.  Through 3Q 2016, 24 buildings totaling 10.5 msf have been completed.

TOP LEASE TRANSACTIONS: Major occupiers of space included Medline, Best Buy, OHL, Bio-Lab, Inc., Golden State Foods, Pak Lite, Tyler Perry Studios, Green Circle Demo, Top Gun Powder Coating and APL.

Press Release :  Infographic : Presentation Mode :  Office Market Brief

The data in this report was compiled by data provided by Xceligent, a leading provider of verified commercial real estate information. For more information on details of this month's report, please contact the Board at 404.250.0051.

Tuesday, October 04, 2016

About the Atlanta Commercial Board of REALTORS®

The Atlanta Commercial Board of REALTORS® (ACBR) is the voice of commercial real estate in Metro Atlanta and has been an instrumental factor in the growth of real estate in the state of Georgia for more than a century. As the largest Commercial REALTOR® Association in Georgia, ACBR serves as a central source of information for its members by focusing on real estate education, the promotion of professionalism in the industry and representing members with legislative initiatives to create positive change for the real estate community. Membership in ACBR is the hallmark of quality, professionalism and production.

About Xceligent

Xceligent, Inc. is the fastest growing provider of commercial real estate information in the country. Headquartered in Independence (Kansas City), Missouri, Xceligent is the preferred industry partner for proactively researched commercial real estate information and marketing. Over its 14 year history, Xceligent has developed and refined revolutionary research processes that allow the company to offer a superior value proposition to the brokerage, development, government, EDC, appraisal and lending communities.

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