Fulton Industrial Market Newsletter Q2 2020
Our very own Connor Winkler’s !-20 W / Fulton Industrial Market Newsletter has arrived! Take a look at the full newsletter to get more insight into this budding Atlanta submarket.
Despite apparent business disruptions due to COVID-19 workplace restrictions, the industrial real estate sector has remained resilient and in rampant demand as distribution and manufacturing facility leasing activity continues to surge in Atlanta. The shift from the traditional bricks and mortar retail to online shopping platforms, especially during stay at home orders, have bolstered the need for additional well located, functional industrial real estate to meet the demand from end consumers. Given the accelerated adoption of eCommerce, increased inventory levels and uptick in specialized packaging requirements, manufacturers and distributors have expanded their footprint to accommodate the influx of business.
There has also been a new wave of speculative industrial development under construction in the Fulton Industrial/I-20 West submarket. These new projects developed by Core5 Industrial Partners, Taurus Investment Holdings, The Silverman Group, McDonald Development and Crow Holdings are slated to add an additional 9 buildings to the market totaling approximately 2.3 million SF. Since the Q1 under construction report, an additional 1.5 million SF of new industrial product is expected to deliver within the next year. This is testament that industrial real estate is well positioned to perform at a higher level than any other asset class in the commercial real estate sector.