Atlanta industrial real estate market reports
Q3 2022
The Atlanta industrial market continues to see positive momentum in 2022. As positive absorption pushes the vacancy rate lower, asking rental rates will continue to increase as demand could outweigh the supply of existing space. Due to this demand, it is anticipated that the pace of construction activity will not decrease which could also impact rental rates as construction costs remain high.
48.5 msf
Development
The market saw 8.4 msf of new space enter the inventory during the third quarter of 2022.
4.2 msf
Net Absorption
As leasing activity remains high, approximately 11 msf leased during the third quarter, absorption will continue its positive momentum.
$6.85 psf
Direct Asking Rent
Average asking rents recorded a significant increase year-over-year, up 25%. This is a record high for the Atlanta industrial market.
66.7 msf
Availabilities
The market saw a slight increase in the amount of available space during the third quarter. This is in part due to several large subleases becoming available, which has seen 15% increase year-over-year.
2.2%
Vacancy
The vacancy rate remained stable year-over-year even though a large amount of new inventory has been added to the market.
$2.5B
Investment Sales
Year-to-date the Atlanta industrial market has seen $2.5B in investment sales. Although interest rates have increased over the last few months, activity remains strong.
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