{"id":888,"date":"2019-12-06T11:59:09","date_gmt":"2019-12-06T11:59:09","guid":{"rendered":"https:www.www.crossroadsappraisalgroup.com\/?page_id=888"},"modified":"2020-04-09T18:54:29","modified_gmt":"2020-04-09T18:54:29","slug":"3rd-quarter-2019-industrial-report","status":"publish","type":"post","link":"https:\/\/www.crossroadsappraisalgroup.com\/3rd-quarter-2019-industrial-report\/","title":{"rendered":"3rd Quarter 2019 Industrial Report"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”3.27.3″ fb_built=”1″ _i=”0″ _address=”0″][et_pb_row _builder_version=”3.27.3″ _i=”0″ _address=”0.0″][et_pb_column type=”4_4″ _builder_version=”3.27.3″ _i=”0″ _address=”0.0.0″][et_pb_text _builder_version=”3.27.3″ text_font=”|600|||||||” text_text_align=”center” text_text_color=”#474747″ text_font_size=”28px” text_line_height=”1.6em” header_font=”|800|||||||” header_text_color=”#003168″ header_font_size=”34px” header_line_height=”1.5em” header_2_font=”|600|||||||” header_2_text_color=”#474747″ header_2_font_size=”30px” _i=”0″ _address=”0.0.0.0″]<\/p>\n

3rd Quarter 2019 Industrial Report<\/h1>\n

Industrial Market Summary<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”3.27.3″ text_font=”|600|||||||” text_text_align=”center” text_text_color=”#6b6b6b” text_font_size=”18px” text_line_height=”1.6em” header_font=”|700|||||||” header_text_color=”#003168″ header_font_size=”34px” header_line_height=”1.5em” _i=”1″ _address=”0.0.0.1″]<\/p>\n

The industrial market continues to trend positive through the first three quarters of 2019 with improvements in average sales price, rents and vacancy rates. Of slight concern is the fact that under construction is outpacing absorption and cap rates have risen with sales volume pulling back. Overall, the metro Atlanta industrial continues to one of the stronger market segments.<\/p>\n

Below is a quick summary of the Q3 2019 stats that lead to the conclusion above as compiled by Crossroads Appraisal Group from information obtained from CoStar. If you would like a PDF version of the information below, it is available here for your convenience.<\/p>\n

[\/et_pb_text][et_pb_image src=”https:\/\/www.crossroadsappraisalgroup.com\/wp-content\/uploads\/2019\/12\/3rd-Quarter-2019-Industrial-Report-2.jpg” align=”center” _builder_version=”3.27.3″ width=”36%” hover_enabled=”0″ _i=”2″ _address=”0.0.0.2″][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”3.27.3″ width=”40%” _i=”1″ _address=”0.1″][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”0″ _address=”0.1.0″][et_pb_blurb title=”720.1 Million square feet” use_icon=”on” font_icon=”%%61%%” icon_color=”#00457a” icon_placement=”left” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|600|||||||” header_text_color=”#6b6b6b” header_line_height=”1.6em” custom_margin=”||0px||false|false” _i=”0″ _address=”0.1.0.0″][\/et_pb_blurb][et_pb_blurb title=”Market vacncy rate: 5.3%” use_icon=”on” font_icon=”%%61%%” icon_color=”#00457a” icon_placement=”left” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|600|||||||” header_text_color=”#6b6b6b” header_line_height=”1.6em” custom_margin=”||0px||false|false” _i=”1″ _address=”0.1.0.1″][\/et_pb_blurb][et_pb_blurb title=”Avg cap rate: 7.30%” use_icon=”on” font_icon=”%%61%%” icon_color=”#00457a” icon_placement=”left” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|600|||||||” header_text_color=”#6b6b6b” header_line_height=”1.6em” custom_margin=”||0px||false|false” _i=”2″ _address=”0.1.0.2″][\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”1″ _address=”0.1.1″][et_pb_blurb title=”Quoted market rent: $6.00\/sf” use_icon=”on” font_icon=”%%61%%” icon_color=”#00457a” icon_placement=”left” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|600|||||||” header_text_color=”#6b6b6b” header_line_height=”1.6em” custom_margin=”||0px||false|false” _i=”0″ _address=”0.1.1.0″][\/et_pb_blurb][et_pb_blurb title=”Avg 2019 sales prize: $61.22\/sf” use_icon=”on” font_icon=”%%61%%” icon_color=”#00457a” icon_placement=”left” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|600|||||||” header_text_color=”#6b6b6b” header_line_height=”1.6em” custom_margin=”||0px||false|false” _i=”1″ _address=”0.1.1.1″][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.27.3″ custom_padding=”10px|||||” _i=”2″ _address=”0.2″][et_pb_column type=”4_4″ _builder_version=”3.27.3″ _i=”0″ _address=”0.2.0″][et_pb_text _builder_version=”3.27.3″ text_font=”|600|||||||” text_text_align=”center” text_text_color=”#474747″ text_font_size=”28px” text_line_height=”1.6em” header_font=”|800|||||||” header_text_color=”#003168″ header_font_size=”34px” header_line_height=”1.5em” header_2_font=”|600|||||||” header_2_text_color=”#474747″ header_2_font_size=”30px” custom_margin=”36px||||false|false” _i=”0″ _address=”0.2.0.0″]<\/p>\n

SUPPLY<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ module_class=”align-ctr” _builder_version=”3.27.3″ border_width_bottom=”1px” custom_padding=”0px|||||” _i=”3″ _address=”0.3″][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”0″ _address=”0.3.0″][et_pb_blurb title=”Supply has been trending up since 2013.” use_icon=”on” font_icon=”%%36%%” icon_color=”#00457a” icon_placement=”left” content_max_width=”768px” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|700|||||||” header_text_color=”#6b6b6b” header_font_size=”24px” header_line_height=”1.1em” custom_margin=”0px||15px||false|false” _i=”0″ _address=”0.3.0.0″][\/et_pb_blurb][et_pb_blurb title=”New construction continues but is off since the 2016 peak.” use_icon=”on” font_icon=”%%36%%” icon_color=”#00457a” icon_placement=”left” content_max_width=”768px” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|700|||||||” header_text_color=”#6b6b6b” header_font_size=”24px” header_line_height=”1.4em” custom_margin=”||0px||false|false” _i=”1″ _address=”0.3.0.1″][\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”1″ _address=”0.3.1″][et_pb_image src=”https:\/\/www.crossroadsappraisalgroup.com\/wp-content\/uploads\/2019\/12\/3rd-Quarter-2019-Industrial-Report-1.png” _builder_version=”3.27.3″ hover_enabled=”0″ _i=”0″ _address=”0.3.1.0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.27.3″ custom_padding=”10px|||||” _i=”4″ _address=”0.4″][et_pb_column type=”4_4″ _builder_version=”3.27.3″ _i=”0″ _address=”0.4.0″][et_pb_text _builder_version=”3.27.3″ text_font=”|600|||||||” text_text_align=”center” text_text_color=”#474747″ text_font_size=”28px” text_line_height=”1.6em” header_font=”|800|||||||” header_text_color=”#003168″ header_font_size=”34px” header_line_height=”1.5em” header_2_font=”|600|||||||” header_2_text_color=”#474747″ header_2_font_size=”30px” custom_margin=”36px||||false|false” _i=”0″ _address=”0.4.0.0″]<\/p>\n

VACANCY TRENDS<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ module_class=”align-ctr” _builder_version=”3.27.3″ border_width_bottom=”1px” custom_padding=”0px|||||” _i=”5″ _address=”0.5″][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”0″ _address=”0.5.0″][et_pb_image src=”https:\/\/www.crossroadsappraisalgroup.com\/wp-content\/uploads\/2019\/12\/VACANCY-TRENDS.png” _builder_version=”3.27.3″ hover_enabled=”0″ _i=”0″ _address=”0.5.0.0″][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”1″ _address=”0.5.1″][et_pb_blurb title=”Downward trend continues but the rate of decline is slowing.” use_icon=”on” font_icon=”%%36%%” icon_color=”#00457a” icon_placement=”left” content_max_width=”768px” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|700|||||||” header_text_color=”#6b6b6b” header_font_size=”24px” header_line_height=”1.4em” custom_margin=”||0px||false|false” _i=”0″ _address=”0.5.1.0″][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.27.3″ custom_padding=”10px|||||” _i=”6″ _address=”0.6″][et_pb_column type=”4_4″ _builder_version=”3.27.3″ _i=”0″ _address=”0.6.0″][et_pb_text _builder_version=”3.27.3″ text_font=”|600|||||||” text_text_align=”center” text_text_color=”#474747″ text_font_size=”28px” text_line_height=”1.6em” header_font=”|800|||||||” header_text_color=”#003168″ header_font_size=”34px” header_line_height=”1.5em” header_2_font=”|600|||||||” header_2_text_color=”#474747″ header_2_font_size=”30px” custom_margin=”36px||||false|false” _i=”0″ _address=”0.6.0.0″]<\/p>\n

ABSORPTION, DELIVERIES & UNDER CONSTRUCTION<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ module_class=”align-ctr” _builder_version=”3.27.3″ border_width_bottom=”1px” custom_padding=”0px|||||” _i=”7″ _address=”0.7″][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”0″ _address=”0.7.0″][et_pb_blurb title=”Absorption has slowed in 2019.” use_icon=”on” font_icon=”%%36%%” icon_color=”#00457a” icon_placement=”left” content_max_width=”768px” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|700|||||||” header_text_color=”#6b6b6b” header_font_size=”24px” header_line_height=”1.1em” custom_margin=”0px||15px||false|false” _i=”0″ _address=”0.7.0.0″][\/et_pb_blurb][et_pb_blurb title=”Red Flag \u2013 Under Construction is outpacing Absorption.” use_icon=”on” font_icon=”%%36%%” icon_color=”#00457a” icon_placement=”left” content_max_width=”768px” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|700|||||||” header_text_color=”#6b6b6b” header_font_size=”24px” header_line_height=”1.4em” custom_margin=”||0px||false|false” _i=”1″ _address=”0.7.0.1″][\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”1″ _address=”0.7.1″][et_pb_image src=”https:\/\/www.crossroadsappraisalgroup.com\/wp-content\/uploads\/2019\/12\/ABSORPTION.png” _builder_version=”3.27.3″ hover_enabled=”0″ _i=”0″ _address=”0.7.1.0″][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.27.3″ custom_padding=”10px|||||” _i=”8″ _address=”0.8″][et_pb_column type=”4_4″ _builder_version=”3.27.3″ _i=”0″ _address=”0.8.0″][et_pb_text _builder_version=”3.27.3″ text_font=”|600|||||||” text_text_align=”center” text_text_color=”#474747″ text_font_size=”28px” text_line_height=”1.6em” header_font=”|800|||||||” header_text_color=”#003168″ header_font_size=”34px” header_line_height=”1.5em” header_2_font=”|600|||||||” header_2_text_color=”#474747″ header_2_font_size=”30px” custom_margin=”36px||||false|false” _i=”0″ _address=”0.8.0.0″]<\/p>\n

TRANSACTION VOLUME<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ module_class=”align-ctr” _builder_version=”3.27.3″ border_width_bottom=”1px” custom_padding=”0px|||||” _i=”9″ _address=”0.9″][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”0″ _address=”0.9.0″][et_pb_image src=”https:\/\/www.crossroadsappraisalgroup.com\/wp-content\/uploads\/2019\/12\/TRANSACTION-VOLUME.png” _builder_version=”3.27.3″ hover_enabled=”0″ _i=”0″ _address=”0.9.0.0″][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”1″ _address=”0.9.1″][et_pb_blurb title=”Annualized sales volume off from 2018 but tracking close to 2017.” use_icon=”on” font_icon=”%%36%%” icon_color=”#00457a” icon_placement=”left” content_max_width=”768px” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|700|||||||” header_text_color=”#6b6b6b” header_font_size=”24px” header_line_height=”1.4em” custom_margin=”||0px||false|false” _i=”0″ _address=”0.9.1.0″][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.27.3″ custom_padding=”10px|||||” _i=”10″ _address=”0.10″][et_pb_column type=”4_4″ _builder_version=”3.27.3″ _i=”0″ _address=”0.10.0″][et_pb_text _builder_version=”3.27.3″ text_font=”|600|||||||” text_text_align=”center” text_text_color=”#474747″ text_font_size=”28px” text_line_height=”1.6em” header_font=”|800|||||||” header_text_color=”#003168″ header_font_size=”34px” header_line_height=”1.5em” header_2_font=”|600|||||||” header_2_text_color=”#474747″ header_2_font_size=”30px” custom_margin=”36px||||false|false” _i=”0″ _address=”0.10.0.0″]<\/p>\n

VALUATION HISTORY<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ module_class=”align-ctr” _builder_version=”3.27.3″ border_width_bottom=”1px” custom_padding=”0px|||||” _i=”11″ _address=”0.11″][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”0″ _address=”0.11.0″][et_pb_blurb title=”Cap rates are up from 2018 but has not negatively impacted value.” use_icon=”on” font_icon=”%%36%%” icon_color=”#00457a” icon_placement=”left” content_max_width=”768px” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|700|||||||” header_text_color=”#6b6b6b” header_font_size=”24px” header_line_height=”1.4em” custom_margin=”||0px||false|false” _i=”0″ _address=”0.11.0.0″][\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”1″ _address=”0.11.1″][et_pb_image src=”https:\/\/www.crossroadsappraisalgroup.com\/wp-content\/uploads\/2019\/12\/ABSORPTION.png” _builder_version=”3.27.3″ hover_enabled=”0″ _i=”0″ _address=”0.11.1.0″ min_height=”6px”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.27.3″ custom_padding=”10px|||||” _i=”12″ _address=”0.12″][et_pb_column type=”4_4″ _builder_version=”3.27.3″ _i=”0″ _address=”0.12.0″][et_pb_text _builder_version=”3.27.3″ text_font=”|600|||||||” text_text_align=”center” text_text_color=”#474747″ text_font_size=”28px” text_line_height=”1.6em” header_font=”|800|||||||” header_text_color=”#003168″ header_font_size=”34px” header_line_height=”1.5em” header_2_font=”|600|||||||” header_2_text_color=”#474747″ header_2_font_size=”30px” custom_margin=”36px||||false|false” _i=”0″ _address=”0.12.0.0″]<\/p>\n

RENT TRENDS<\/h1>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ module_class=”align-ctr” _builder_version=”3.27.3″ custom_padding=”0px|||||” _i=”13″ _address=”0.13″][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”0″ _address=”0.13.0″][et_pb_image src=”https:\/\/www.crossroadsappraisalgroup.com\/wp-content\/uploads\/2019\/12\/RENT-TRENDSv2.png” _builder_version=”3.27.3″ hover_enabled=”0″ _i=”0″ _address=”0.13.0.0″][\/et_pb_image][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.27.3″ _i=”1″ _address=”0.13.1″][et_pb_blurb title=”Strong demand continues to push rental rates up, currently at $6.00 per square foot, a six year high.” use_icon=”on” font_icon=”%%36%%” icon_color=”#00457a” icon_placement=”left” content_max_width=”768px” use_icon_font_size=”on” icon_font_size=”26px” _builder_version=”3.27.3″ header_font=”|700|||||||” header_text_color=”#6b6b6b” header_font_size=”24px” header_line_height=”1.4em” custom_margin=”||0px||false|false” _i=”0″ _address=”0.13.1.0″][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.27.3″ fb_built=”1″ _i=”1″ _address=”1″][et_pb_row _builder_version=”3.27.3″ _i=”0″ _address=”1.0″][et_pb_column type=”4_4″ _builder_version=”3.27.3″ _i=”0″ _address=”1.0.0″][et_pb_social_media_follow _builder_version=”3.27.3″ _i=”0″ _address=”1.0.0.0″][et_pb_social_media_follow_network social_network=”twitter” _builder_version=”3.27.3″ background_color=”#00aced” follow_button=”off” url_new_window=”on” _i=”0″ _address=”1.0.0.0.0″]twitter[\/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=”facebook” _builder_version=”3.27.3″ background_color=”#3b5998″ follow_button=”off” url_new_window=”on” _i=”1″ _address=”1.0.0.0.1″]facebook[\/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network=”google-plus” _builder_version=”3.27.3″ background_color=”#dd4b39″ hover_enabled=”0″ follow_button=”off” url_new_window=”on” _i=”2″ _address=”1.0.0.0.2″]google-plus[\/et_pb_social_media_follow_network][\/et_pb_social_media_follow][et_pb_comments _builder_version=”3.27.3″ header_font_size=”18px” custom_button=”on” button_text_size=”18px” button_text_color=”#ffffff” button_bg_color=”#0c71c3″ custom_margin=”0px||||false|false” custom_padding=”20px||58px|10px|false|false” custom_css_main_element=”border:1px #666 solid;” button_bg_enable_color=”on” _i=”1″ _address=”1.0.0.1″][\/et_pb_comments][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

3rd Quarter 2019 Industrial Report Industrial Market Summary The industrial market continues to trend positive through the first three quarters of 2019 with improvements in average sales price, rents and vacancy rates. Of slight concern is the fact that under construction is outpacing absorption and cap rates have risen with sales volume pulling back. Overall, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[19],"tags":[20],"_links":{"self":[{"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/posts\/888"}],"collection":[{"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/comments?post=888"}],"version-history":[{"count":29,"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/posts\/888\/revisions"}],"predecessor-version":[{"id":1232,"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/posts\/888\/revisions\/1232"}],"wp:attachment":[{"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/media?parent=888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/categories?post=888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/tags?post=888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}