Port of Savannah Plays Crucial Role in Atlanta’s Industrial Real Estate Sector

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Atlanta’s industrial real estate sector enjoyed a robust 2014, and the Port of Savannah is an important reason why. JLL’s Steve Grable explores the effect of the port, which is currently undergoing an expansion, in a new guest post on CREW Atlanta’s blog.

Here’s a key excerpt:

At December’s end, [metro Atlanta’s] industrial vacancy rate stood at 8.7 percent, the lowest rate in almost 15 years, according to JLL. Annual net absorption reached a total not seen since 2000, and of the 16.3 million square feet of industrial properties under construction in the area when 2015 began, nearly 60 percent of that space was speculative, a powerful indication of developers’ confidence in future demand.

Grable will also be a panelist on CREW Atlanta’s “ImPORTant Developments: How Improvements to the Panama Canal and Port of Savannah Will Impact Atlanta” panel discussion, which will be held this Thursday, March 5, from 11:30 a.m. to 1:15 p.m. at the Renaissance Atlanta Waverly Hotel & Convention Center.

Other panelists will include Brandi Hanback of The Rockefeller Group and John Petrino of the Georgia Ports Authority. Randy Shearin of France Media will be the moderator. For more information and to register, visit here.

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