Atlanta Industrial – 1Q 2019 New Development

Development in Atlanta Industrial markets shows few signs of slowing. E-commerce, which now represents about 10% of the total retail pie in the U.S. is the most significant driver of demand in Metro Atlanta and elsewhere. As quickly as new product is delivered to market, it is absorbed. Metro Atlanta delivered 14.8M SF of new supply in 2018. While this doesn’t match peak CY deliveries of 19.2M recorded in 2016, 2018 delivered SF of 14.8M is more than twice the 2009-2017 average. Despite significant new supply, annual net absorption outpaced delivered, coming in at 16.5M SF for the year. Accordingly, occupancy increased by nearly 100 bps to a super tight 93.26%.

Published: Feb 20 | 2019 Download

LPC Southeast Office Report Download

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