- South Atlanta continues to lead the Atlanta industrial market in space absorbed this year. Net occupancy gains total just over 7 million square feet so far in 2018. This accounts for almost half of the year-to-date total for the Atlanta market as a whole.
- The overall industrial vacancy rate in South Atlanta is down 0.6% from last quarter. Year-over-year, vacancy is down 0.2%, but this is mostly due to the 8.2 million square feet of deliveries in the submarket during this time.
- The highest amount of warehouse product currently under construction is occurring in the South Atlanta submarket; including the highest number of 1-million-plus square footers (5). The I-85 South/Airport section of the submarket is where the majority of this construction is taking place.
- Bulk warehouse rents remained level in the quarter, but are still up 2.6% year-over-year. Asking rents are expected to continue increasing over the coming year as new product delivers.