Industrial rental rates reach record highs and vacancies remain at historic lows as market continues to tighten

Through the first three months of 2022, Atlanta’s industrial market has continued to favor landlords as rental rates rise and vacancies remain at historic lows. In Q1, rents reached a record $4.98 per square foot (psf), increasing 10.9% year-over-year. The heightened demand for space has suppressed vacancy to 4.0% this quarter, down 190 basis points (bps) from the first quarter of 2021. Despite low vacancies, future options for tenants remain promising due to a robust construction pipeline with 32.2 million square feet (msf) in upcoming availabilities.

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