Pattillo Industrial Update
Pattillo Industrial Real Estate CEO Larry Callahan has been with the company since 1985, but he's never seen a hotter industrial market for investment sales. Larry says that Atlanta lagged behind Texas' and California’s recovery but is now one of the hottest industrial markets in the country. Demand for new industrial space has surged because existing space has filled up. For several years, most Atlanta build-to-suit activity has been for 500k SF or bigger. Mega-buildings will be in demand for e-commerce-type users, but the market is taking interest in new buildings in the 200k SF range. Pattillo is now selling 4.6M SF of its existing buildings to fuel new development and geographic diversification. For more information on our Bisnow partner, click here.