Report | Atlanta Industrial Outlook - Q1 2011
Atlanta's economy limped along in the first quarter with payrolls and the labor force numbers yet to turn upward.
The industrial market is slowly recovering, but the good news is geographically unbalanced. Most leasing activity and absorption took place in the Airport/South I-85 submarket. The Northeast corridor also showed signs of life while pockets like Fulton Industrial and McDonough continued to struggle.
Well capitalized landlords possessing modern facilities will see their bargaining position steadily improve while those offering functionally-obsolete product will continue to struggle. Less credit-worthy tenants may find landlords less willing to negotiate while the financially strong continue to take advantage of opportunities created by excess inventory.
The first quarter was slow for capital markets activity in Atlanta, with deal volume retreating after a flurry of activity at the end of 2010. Most trades were small, with only four deals greater than 250,000 square feet closing in the quarter.
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