Atlanta Industrial Market: Fall 2023

The Atlanta industrial market's vacancy rate increased to 5.7%, while net absorption was 1.2 MSF for the quarter and 3.6 MSF YTD. The southern Atlanta markets have a lower vacancy at 5.4% vs. 6.1%, and more net absorption - just over 764 KSF vs. 464KSF. The rental rates are almost $1 less than northern Atlanta at $8.22 vs. $9.26. There has also been a flight to newer builds (1994 or later), with YTD net absorption of 5.13 MSF. There is still a sizeable new construction pipeline, and we expect the vacancy rate to continue to rise and get closer to Atlanta's long-term average of 8.5%.

See all this and more on our Fall 2023 report, detailing Atlanta's industrial market.