Key Takeaways

  • The Atlanta industrial market absorbed another 6 million square feet in the second quarter bringing the year-to-date total to 12.8 million square feet. As of mid-year 2017, Atlanta leads the nation in YTD net industrial absorption.
  • South Atlanta far outpaced every other industrial submarket this quarter with 3.8 million square feet absorbed. Occupancies by Variety Wholesalers, Duracell, Tory Burch and Kuehne + Nagel contributed to this total.
  • For a second straight quarter, Atlanta saw its overall industrial vacancy rate decline; this despite even more speculative space coming onto the market.
  • Industrial rents in Atlanta again showed signs of peaking as the overall average remained close to the same level as it has been in the past couple of quarters.
  • Given mid-year occupancy gains, and taking into account forecasted absorption, Atlanta is well on its way to record annual industrial absorption; three years removed from when the market hit its last record year.