Q3 2021 Atlanta Industrial Market Report

Atlanta added over 5.1 million square feet of absorption in Q3, bringing the year-to-date total to over 24.4 million square feet. With Q4 expected to continue this positive trend, Atlanta’s industrial market is on pace to set an all-time record for absorption in a calendar year. The overall vacancy rate fell for a seventh consecutive quarter, falling 40 basis points (0.4%) to 4.7%. This is the first time Atlanta has had a sub-5% vacancy rate, with projections to fall even further in the coming quarters. Rental rates rose 2.8% to $4.80 in Q3, and are up 5.7% over the past 12 months.

Published: Oct 22 | 2021 Download