Atlanta Is The Country's Hottest Industrial Market, And It's Getting Hotter (Norcross: apartments, lease)

[jhtrico1850]

https://www.bisnow.com/atlanta/news/...-bullish-78230

Atlanta's industrial landlords have been humming on all cylinders since the start of 2017. By the middle of this year, tenants leased nearly 13M SF of warehousing space, propelling Atlanta as the leader in absorption for the nation

“Availabilities for existing buildings over 500K SF have tightened dramatically. Only eight options are currently on the market,”

[DreamerD]

Hopefully this translates into a good amount of jobs and they are willing to train.

[tikigod311]

So industrial = logistics in this case

I wish we could recoup some tax money to build solutions to handle the additional burden this will put on our roads. Plus, this will be an industry that is highly susceptible to shifts in employment needs as robotics and automation advance. Not sure how much this is to be celebrated

[ddm2k]

Makes me wonder how big the OFS (fiber optics) facility/HQ is. I work in telecom and they are a major supplier of ours.

2000 Northeast Expressway
Norcross, GA 30071

[ATLTJL]

There's already a massive truck driver shortage in the U.S. I guess this is good news for the remaining drivers.

But I totally agree with the point of holding the logistics industry responsible for the wear and tear it puts on roads. I think this industry has gotten a golden ticket for too long. Cops don't enforce the law that they need to stay the two right lanes at all times and these horrible polluters are exempt from emission standards.

[ddm2k]

Originally Posted by ATLTJL

There's already a massive truck driver shortage in the U.S. I guess this is good news for the remaining drivers.

But I totally agree with the point of holding the logistics industry responsible for the wear and tear it puts on roads. I think this industry has gotten a golden ticket for too long. Cops don't enforce the law that they need to stay the two right lanes at all times and these horrible polluters are exempt from emission standards.

I totally empathize with where you're coming from.

Even if the EPA would mandate a CEL/MIL check each year, and make passing inspections contingent on no error codes, it would save so much fuel and so much in unnecessary emissions from diesel 18-wheel rigs. The DEF tanks in the newer rigs at least get them into shops more often, considering as many error codes are generated from just that alone.

[citidata18]

Originally Posted by tikigod311

So industrial = logistics in this case

I wish we could recoup some tax money to build solutions to handle the additional burden this will put on our roads. Plus, this will be an industry that is highly susceptible to shifts in employment needs as robotics and automation advance. Not sure how much this is to be celebrated

Agreed. And besides the vulnerability to automation, these jobs being low skilled are also low paying. When decent retailers and restaurants are looking to expand, or when developers consider new locations for projects, areas where all of the employers are only paying a hourly rate of $12-$15/hr are nowhere near the top of the list.

Coweta has a couple massive logistic projects in the works as well that weren't listed (Bridgeport and Orchard Hills, to name 2). But compared to corporate offices and IT jobs, they're underwhelming and I'm not thrilled about them. We need more quality economic growth like the CTCA.

[ddm2k]

Originally Posted by citidata18

Agreed. And besides the vulnerability to automation, these jobs being low skilled are also low paying. When decent retailers and restaurants are looking to expand, or when developers consider new locations for projects, areas where all of the employers are only paying an hourly rate of $12-$15/hr are nowhere near the top of the list.

Coweta has a couple massive logistic projects in the works as well that weren't listed (Bridgeport and Orchard Hills, to name 2). But compared to corporate offices and IT jobs, they're underwhelming and I'm not thrilled about them. We need more quality economic growth like the CTCA.

I think the logistics industry is implied to play a big part any time a large manufacturer breaks ground on a warehouse operation.

Quick calculation, most apartments like to see 3x rent in gross income. $15/hr (52 x 40-hour weeks a year, divided by 12) $2600 a month, or $866 a month in rent, max.