Atlanta Industrial Market: Winter 2023

The Atlanta Industrial market continues to move towards normal vacancy range, rising to 7.5% with 33 MSF of newly-delivered buildings. While net absorption fell to -2.3 MSF in Q4, overall it remained positive 2.9 MSF for the year. There is a flight to newer buildings, with those built before 1995 losing 4.02 MSF of tenants, and those built after gaining 6.76 MSF. Overall rental rates averaging $9.04 are double the rates from 2019, $4.61. Finally, 27 MSF of space is U/C, the lowest amount under construction since Q1-2021 - but still 75% higher than in Q1-2018.

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