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The Port of Savannah continues its momentum as the fastest-growing container port in TEU (twenty-foot equivalent unit) volume. Consequently, development and investor interest continues to increase at a rapid pace. In the last two years, Savannah added over 15 million square feet (MSF) of new facilities to the market. As of April 2021, CoStar reported an additional 12 MSF currently under construction, one of the highest square footages in the nation with only 15% preleased.

Our 2021 Q1 Office Submarket Reports have arrived! Click on the images below to read:             

A record-setting quarter for the Atlanta Industrial market. South Atlanta lead the way with over 6.5 MSF of absorption. While I-20 West/Fulton Industrial became the tightest market with a vacancy rate of 3.8%. Atlanta continues to be the logistical hub of the Southeastern US and one of the top-performing markets in the country. E-Commerce and the Savannah port are the largest drivers of industrial activity. The Savannah port is outperforming all the other US ports…

The return of workers to the office did not happen in Q1, the Atlanta office market has had its two worst quarters back-to-back in terms of net absorption. The losses in the last three quarters, erase all the net absorption gains since 2015. While the vacancy rate has zoomed up 2.8% in just three quarters to 18%; however, the rate remains well below the historic high of 22% reached during the great recession in 2010….

March 24th, 2021 – High Road Craft Ice Cream has re-upped its commitment to its Atlanta-area headquarters and manufacturing facility as U.S. ice cream sales and shipments climb during the coronavirus pandemic because of people staying home to help slow the spread of COVID-19. High Road, which sells its ice cream at Whole Foods, Fresh Market, Publix, and other grocery stores as well as online, has renewed its lease at West Oak Commons I, a…

March 24, 2021 – The Southern California-grown real estate firm Lee & Associates is opening a new satellite office in Nashville, Tennessee, that specializes in industrial properties, office stock, investment and land brokerage. The company, based in Los Angeles, has been actively planting offices in growing Southern cities for the past three years. Lee & Associates’ arrival, and the areas of commercial real estate it is focusing on, show Nashville’s growing clout as a logistics and…

  In 2018, Billy Snowden identified an 11-acre property listed with a residential agent who was unaware of the property’s potential value as industrial development. Billy recognized that Cabot Properties had recently completed a successful speculative distribution facility within the I-20 West Atlanta submarket and identified them as a logical buyer. As suspected, Cabot showed interest and pursued the property. While under due diligence, it was determined that a swap of land with the neighbor…

(March 16, 2021) – Atlanta Georgia A joint venture between PCCP LLC and Panattoni Development Co. have announced plans to develop Building 1 within Riverview Logistics Park, a speculative, 798,000-square-foot industrial warehouse facility on a 154-acre site in Douglasville, GA. The cross-docked distribution center will be built to Class A specifications that include 40-foot clear heights, precast construction, a 185-foot truck court, full circulation, 180 trailer parking spaces, 420 car parking spaces, 146 dock doors,…

March 10, 2021 (Atlanta, GA) – Roughly a year after agreeing to lease a little more than half of the complex, SBS Transportation has now taken the remaining available space at the massive Palmetto Logistics Center in Palmetto, Georgia. The international shipping and logistics company agreed to a deal with MCB Real Estate to take the remaining space, totaling 482,700 square feet, at 1015 Collinsworth Road. SBS specializes in handling containers used to import and export…