Rental rates continue to climb despite greater macroeconomic concerns

Through the first six months of 2022, Atlanta’s industrial market has continued to favor landlords as rental rates rise and vacancies remain at historic lows. Rents in the Atlanta industrial market experienced a continuation of the recent uptrend in the second quarter of 2022. In Q2, rents reached a high-water mark of $5.08 per square foot (psf), increasing 10.9% year-over-year. Despite an increasing national concern of an impending recession, demand for space has increased, suppressing vacancy to 3.9% this quarter, down 130 basis points (bps) from the second quarter of 2021. Despite low vacancies, future options for tenants remain promising due to a robust construction pipeline with 36.6 million square feet (msf) in availabilities.

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