Colliers Predicts 2M-SF Industrial Building for Area

ATLANTA-The Investment Services Group of locally based Colliers Spectrum Cauble has peered into its crystal ball and sees several trends emerging here this year. At the top of the prediction list are the construction of larger and more spec-built industrial structures.

“Atlanta will see its first two-million-sf building,” notes the report prepared by brokers W. Colin Cavil and Dennis Mitchell. In addition, more deals will be done by private buyers with tenancy-in-common arrangements dominating. More functional obsolete buildings will be demolished for the land value. Pension fund allocations will increase, along with “capital recycling.” A total 40 million sf of properties will change hands, the report projects.