Q3 2020 Atlanta Industrial New Developments

The construction pipeline in Atlanta’s industrial market remains strong through the third quarter of 2020. The 15.6M SF of product currently under construction marks the continued acceleration of new construction: average construction pipeline in Atlanta over the course of 2019 was 16.9M SF. Average square footage under construction in 2018 was 15.3M SF, in 2017 was 13.3M SF, and continues to shrink further back in time. Along with a robust construction pipeline, deliveries to date in 2020 are also strong: 12.5M SF delivered YTD puts 2020 on pace to be behind only 2019 & 2016 for the most deliveries in a year. With regards to buildings under construction: they are large and relatively unleased. Across Atlanta, the average size of buildings under construction is nearly 400K SF and average occupancy across the metro region for buildings under construction is just under 18%.

Published: Nov 20 | 2020 Download