{"id":950,"date":"2019-12-06T13:32:10","date_gmt":"2019-12-06T13:32:10","guid":{"rendered":"https:www.www.crossroadsappraisalgroup.com\/?page_id=950"},"modified":"2020-04-09T18:55:17","modified_gmt":"2020-04-09T18:55:17","slug":"3rd-quarter-2019-retail-report","status":"publish","type":"post","link":"https:\/\/www.crossroadsappraisalgroup.com\/3rd-quarter-2019-retail-report\/","title":{"rendered":"3rd Quarter 2019 Retail 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 Retail Report<\/h1>\n

Retail 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 metro Atlanta retail segment is continuing its strong performance of recent years. However, the changing trends away from brick and mortar stores as a result of e-commerce continues to be a concern. Overriding that concern is metro Atlanta\u2019s rapid growth which continues to attract national and local retailers looking to expand as is evidence by the ongoing strong construction activity.<\/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=”354.8 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 vacancy rate: 4.9%” 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: 7.2%” 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: $17.40\/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: $173\/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=”Deliveries have slowed significantly 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=”1.4em” custom_margin=”0px||15px||false|false” _i=”0″ _address=”0.3.0.0″][\/et_pb_blurb][et_pb_blurb title=”Razing of older properties for higher density redevelopment continues.” 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\/cross-graph-1v.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\/cross-graph-2v.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 in 2019 but rate of decline has been slowing since 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=”0.5.1.0″][\/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 and deliveries have been slowing since 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||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 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=”1.4em” 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\/cross-graph-3v.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\/cross-graph-4v-1.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 is slightly off the 2018 pace which would mean 3 straight years of sales pullbacks 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=”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 continue to compress in spite of interest rate hikes.” 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_blurb title=”Values continue to rise.” 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=”0.11.0.1″][\/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\/cross-graph-5v.png” _builder_version=”3.27.3″ hover_enabled=”0″ _i=”0″ _address=”0.11.1.0″][\/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\/cross-graph-6v.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=”With supply growth slowing and continuing strong demand, upward pressure on rental rates remains.” 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 Retail Report Retail Market Summary The metro Atlanta retail segment is continuing its strong performance of recent years. However, the changing trends away from brick and mortar stores as a result of e-commerce continues to be a concern. Overriding that concern is metro Atlanta\u2019s rapid growth which continues to attract national and […]<\/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":[16],"tags":[20],"_links":{"self":[{"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/posts\/950"}],"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=950"}],"version-history":[{"count":12,"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/posts\/950\/revisions"}],"predecessor-version":[{"id":1247,"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/posts\/950\/revisions\/1247"}],"wp:attachment":[{"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/media?parent=950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/categories?post=950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.crossroadsappraisalgroup.com\/wp-json\/wp\/v2\/tags?post=950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}