Atlanta industrial real estate market reports

Industrial insights Q2 2021

The Atlanta industrial market’s momentum continued through the second quarter of 2021, led by record positive absorption and leasing activity. This growth is anticipated to remain through the second half of 2021 as market conditions continue to tighten.

3.9%

Economic Conditions

Unemployment rate in metro Atlanta, down 870 bps from the height of the pandemic.

30.8%

Port Activity

Increase in cargo volume at the Savannah port since May 2020.

21.0%

Industrial Demand

The increase in leasing activity in the first half of 2021 compared to the activity seen during the same time in 2020.

31.6 msf

Industrial Supply

Amount of industrial space under construction at the end of the second quarter of 2021. The largest amount of space underway ever recorded in one quarter.

11.0%

Pricing Trends

Increase in average asking rental rates since March of 2020, leading the market to witness another record high at $5.26 psf. 

$1.6B

Capital Markets

Total industrial investment volume (in billions) in metro Atlanta for the first half of 2021. This is up 35.0% when compared to activity in the first half of 2020.

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