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Wrong Fred Sheats?

Mr. Fred B. Sheats III

Senior Vice President, Principal

Colliers International Ltd

Direct Phone: (404) ***-****       

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Colliers International Ltd

1140 Bay Street Suite 4000

Toronto, Ontario M5S 2B4


Company Description

Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of ... more

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Background Information


Board Member
Midtown Assistance Center

Web References (18 Total References)

Midtown Assistance Center | MAC Staff and BoardMAC Staff and Board - Midtown Assistance Center [cached]

Fred Sheats - Colliers International, Commercial Real Estate Sales

Financial Executive Forums: CFO Roundtables [cached]

Fred Sheats Senior Vice President, Principal Colliers International Phone: (404) 877-9241

Staff/Board | [cached]

Fred Sheats- Colliers-Cauble

Colliers Spectrum Cauble: Team Members [cached]

Fred SheatsSenior Vice President404-877-9241

Christie Carden, Sim Doughtie & ... [cached]

Christie Carden, Sim Doughtie & Fred Sheats

The first quarter of 2011 brought little change for the office real estate market in Atlanta, a pattern which Fred Sheats, senior vice president of Colliers International's Atlanta office, predicts will continue throughout the year.
Sheats believes part of the reason Atlanta saw negative absorption in the first quarter is because businesses are trying to do more with less office space. Examples he cites are people sharing offices, workers who spend a lot of time out of the office, moving from offices to cubicles, and the idea of "hoteling," where workers dock into a portal somewhere to do work and then leave.
"The Atlanta office market is a little more than 200 million square feet of office space," he says. "From a supply standpoint, we've got a good bit of product out there. There is more than 39 million vacant square feet in the market.
Sheats says there were no new developments announced in the first quarter, and he believes that there probably won't be for at least a couple of years due to the large amount of office space currently available. At the end of 2010, approximately 150,000 square feet of space was under construction. However, he believes that in time the submarket along Georgia 400 will emerge as one of the leading high-tech office areas in the country.
"There's a lot of stuff going on from a macro standpoint with the economy and job growth, but there's also technology and demographic pressure," Sheats says. "So, all of that is impacting real estate.
Sheats says this is due to lack of sufficient space for bigger tenants and some of the properties being located off the beaten path. He doesn't foresee much shift in terms of leading submarkets.
Sheats predicts that Atlanta will see a positive absorption in 2011, similar to 2010, which had three quarters were that positive.
"I see 2011 being a mirror image of 2010," Sheats says.

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