Atlanta’s industrial construction pipeline remains strong amidst a large amount of new space delivering in 1Q2023
Atlanta’s industrial construction pipeline remains strong amidst a large amount of new space delivering in 1Q2023
- Atlanta is in the top five markets in the country with the most industrial space currently under construction.
- 4.6 million square feet (msf) was delivered during the first quarter of 2023, with another 35.8 msf anticipated to be delivered during the remainder of 2023, although some of this will push into 2024 due to delays in receiving construction materials.
- Atlanta’s direct industrial vacancy rate has not been greatly impacted by the record amount of construction, up just 60 basis points since the end of 2022.
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