Atlanta Industrial Market: Q4 2024

Atlanta's industrial market is experiencing rising vacancy, though sublease vacancy declined to 5.9 MSF - but remains above pre-2020 averages. Rental rates rose 2.95% for newer (1995+) buildings, while older (pre-1995) properties saw a 4.5% decline. Newer buildings maintain a 15% rent premium, while older properties continue losing tenants. Construction has slowed to Q3 2020 levels, with 55% preleased. YTD deliveries reached 27.1 MSF, outpacing 9.5 MSF of absorption. Q4 sales volume hit $1.2B across 86 buildings, averaging $120 PSF.

See all this and more on our Q4 2024 report, detailing Atlanta's industrial market from October to December 2024.