4Q 2018 | Atlanta Industrial Submarket Report | Northwest

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Key Takeaways

  • Northwest Atlanta’s fourth quarter absorption increased significantly over the past two quarters with the submarket seeing just under a half million square feet filled. This brings the annual total to +1.2 million square feet.
  • Industrial vacancy in Northwest Atlanta continues to decline. The 3.3% vacancy rate remains the lowest of Atlanta’s major submarkets. It also presents a challenge for prospects seeking space in this particular area of the metro area.
  • With only two major industrial projects under construction, one of which is a build-to-suit, available supply constraints will continue in Northwest Atlanta for the foreseeable future.
  • Northwest Atlanta’s average industrial rental rate is the highest of Atlanta’s largest submarkets.
  • Heading into the new year, the lack of availability in the submarket could inhibit overall absorption activity in 2019.

 4Q18_NorthwestATL


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4Q 2018 | Atlanta Industrial Submarket Report | Northwest

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