Atlanta industrial real estate market reports
The Atlanta industrial market continues to see positive momentum in 2023. The development pipeline remains strong with 4.6 million square feet (msf) delivered during the first quarter and another 35.8 msf anticipated to be delivered over the course of 2023. Although available space has increased 19% year-over-year, space is still viewed as limited, which could continue to increase asking rental rates. Due to the demand for space, it is anticipated that the pace of construction activity will not decrease, which could also impact rental rates as construction costs remain high.
Average annual lease escalations rise to a new standard
Sublease availability hits a record high
Average asking rental rates continue to climb quarter-over-quarter
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