Atlanta Industrial Market: Summer 2023

The industrial hot streak is starting to fade. After 12 straight quarters of industrial net absorption growth, the Atlanta market pulled back in Q2 with a (451,261) SF, and the vacancy rate rose 70 basis points. It also marked the eighth straight quarter with over 30 MSF of space under construction, while preleasing fell to 24%, one of the lowest rates since the start of the pandemic. Rental rates continue to increase, rising 3% this quarter and up 96% since Q4 2019. The vacancy rate will continue to grow through the rest of 2023. SK is projecting it will reach 8% by the end of the year.

See all this and more on our Summer 2023 report, detailing Atlanta's industrial market.