Atlanta industrial real estate market reports

Q1 2022

The Atlanta Industrial market saw the positive momentum from 2021 carry into 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.

45.5 msf

Development

A record amount of new space underway in one quarter. Ther market also saw 7.8 msf of new space enter the inventory during the first quarter of 2022.

3.2 msf

Net Absorption

The positive momentum seen during 2021 has carried into 2022. As leasing activity remains high absorption should maintain its upward trend.

$5.79 psf

Direct Asking Rent

Average asking rents recorded a significant increase year-over-year, up 13.1%. Anticipated to increase further as vacancy rate declines.

62.7 msf

Availabilities

The market saw a slight increase in the amount of available space during the first quarter as a few new construction buildings delivered that did not have any preleasing activity. 

2.3%

Vacancy

Significant decrease in the overall vacancy rate, 190 basis points, year-over-year.

$996.2M

Investment Sales

After strong activity in 2021, investment sales saw a slight decline during the first quarter of 2022. It is anticipated that activity will rebound through the remainder of 2022.

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