Atlanta industrial real estate market reports
Q3 2024
The Atlanta industrial market ended third quarter with 2,660,147 sf of positive absorption. An uptick in leasing activity shows that the need for industrial space remains high, but the pace of construction has cooled due to a shift in product demand. The decrease of new supply should help level out the vacancy rate for the market which currently sits at 9.0%. Tenants are still seeking out smaller spaces as 54% of deals signed during Q3 were in spaces less than 50k sf. Although rental rates are starting to level-out at $8.63 NNN after seeing a steady increase over the last few years, the Atlanta market remains secure and a center point for industrial activity.
17.5%
Uptick in leasing activity YOY
Leasing activity rose to 9.4msf during Q3, a 17.5% increase YOY and the highest it has been since 2022.
-80.8%
Development pipeline continues to cool
Groundbreakings for new construction projects are down over 80% when compared to the peak of development in 2021.
54%
Smaller spaces continue to be in demand
An ongoing market trend continues to show smaller spaces in high demand. Leases <50k sf accounted for 54% of deals signed during Q3.
Your source for the latest Atlanta industrial real estate reports
Stay on top of current trends affecting the industrial real estate sector in Atlanta. Gain an overall better understanding of Atlanta's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Atlanta.
Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of Atlanta industrial real estate market.