Determining Demand for Warehouse Space

[Ryan Aurand]

Hey BP!

I've got an exciting opportunity to acquire a small warehouse (6,000 sq ft) at a favorable price. It is currently home to two tenants on NNN leases for the next several years, and the property recently underwent a major rehab. Being a new investor to the industrial space, I'm having a TOUGH time determining what the rental demand would be like if I ever need to find a new tenant, perhaps after the existing leases expire.

The warehouse is located in a rural North Georgia town, home to about 4,000 people and growing very slightly.

How would you all go about determining the supply & demand for warehouse space in this region? Thanks in advance!