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Atlanta Real Estate Market Trends | Atlanta Industrial Q3 2021

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Record Year Realized For Atlanta’s Industrial Market

Key Industrial Atlanta Submarket Trends

  • Year-to-date absorption now totals +27.4 million square which surpasses Atlanta’s previous annual record.
  • At 4.4%, market vacancy declined to yet another record low level.
  • The average asking rent for Atlanta warehouse increased 3.7% from last quarter and is just a penny shy of the $5/SF mark.
  • For the first time ever, construction is above 37-million square feet.
  • Atlanta will see its greatest year of industrial occupancy gains.

Atlanta Industrial Submarket Q3 2021 Overview

As of Q3, the Atlanta industrial market has achieved a record annual amount of space absorbed. Third quarter’s +5.7 million square feet brings the year-to-date absorption total to +27.4 million square feet, surpassing 2017’s annual record of +25.2 million square feet.  Additionally, the market is seeing records broken for other metrics including vacancy, construction activity, asking rents, and investment volume. And yet, there is still three months left in the year; a quarter in which Atlanta will see its annual absorption amount top +30 million square feet. 

Q3 2021 Atl Industrial Card

Atlanta Real Estate Market Trends | Atlanta Industrial Q3 2021

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Harrison Marsteller

Senior Vice President, Principal


Harrison Marsteller began his career at Colliers International in Atlanta soon after graduating from University of Alabama with a BBA majoring in Finance and economics. Harrison joined the team of Sean Boswell, Darren Ross and Scott Plomgren, a team of industrial professionals with over 35 years of experience and 90,000,000 SF transacted. 

Harrison’s area of interest and expertise is primarily the Atlanta industrial market, particularly the I-20 West and Northeast Atlanta submarkets.  Harrison provides his clients with site selection, market research, financial analysis, and transactional services including leasing and purchasing new space and subleasing or selling excess space.

Harrison’s focus and dedication to meeting his clients’ needs provides him the ability to deliver outstanding service to both landlords and tenants.



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