Atlanta Industrial Market: Q2 2024
Atlanta Industrial is the tale of two markets: northern submarkets vs. southern submarkets. North of I-20, submarkets have a 200-basis vacancy rate higher than those south of I-20, 9.6% vs. 7.6%, respectively. Net Absorption YTD has been varied, northern -97,813 SF vs. 5.7 MSF for southern. Northern submarkets also command a 5% rental rate premium, $9.42 vs $8.97. Construction remains stronger in southern submarkets, 12.6 MSF vs. 6.0 MSF. Of interest were newer buildings less than 30 years old, which had 9.6 MSF in Net Absorption YTD vs. -3.5 MSF for older buildings.
