South Atlanta was the most active industrial submarket this year
Author: Scott Amoson
South Atlanta was the most active industrial submarket this year accounting for almost half of the space absorbed, and delivered in 2017. It also comprises over 50% of the industrial space under construction in Atlanta.
- The submarket’s overall vacancy rate dropped 1.2% year-over-year; this despite leading the market in new inventory added in the year.
- South Atlanta ended the year with the highest amount of space under construction ever in its history. Seven buildings began development in Q4 bringing the total space being built in the submarket to 11.4 million square feet.
- After three successive quarters of no movement, the submarket’s overall average rental rate increased 1.8% from last quarter.
- South Atlanta is expected to be one of Atlanta’s strongest industrial submarket yet again in 2018. Over 3 million square feet of absorption is expected in the fi rst quarter alone.