(To read more on the industrial market, click here.)
ATLANTA-Like Orlando and Miami, small industrial condo space is at a premium in metro Atlanta these days, as developers strive to keep up with demand by users needing an average 20,000 sf or less, industry sources tell GlobeSt.com.
One major reason for the shortage of smaller condo units is that most developers are focusing on delivering larger product rather than constructing smaller space for local businesses.
Even though about 80% of the tenants in metro's 450-million-sf industrial market occupy an average 20,000 sf, "new construction starts [in 2006] are primarily big bulk 500,000-sf and up distribution buildings that cater to minimum 75,000-sf tenants and up," Jeffrey A. Nickol, president, Nickol Commercial, tells GlobeSt.com.
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