Shifting trends in Georgia’s Northeast industrial market

– The Northeast industrial submarket is a key corridor for industrial activity in Georgia, with over 225 MSF in the submarket. Development surged in recent years, peaking at 57 MSF in 2022.

– While new construction has slowed due to meeting demand, growth continues in the region with eight big-box (200k SF+) projects adding 2.6 MSF expected to deliver in 2025.

– Companies are shifting their focus west along I-85 rather than remaining on the I-985 corridor. This move is largely driven by cost savings, as tenants are paying an average of $1/SF less in the new target area, further increasing vacancies along I-985.