Atlanta’s industrial market continues to soar as it outperforms markets across the country in absorption, rental rate increases, and falling vacancy rates. Yet while sale and rent rates increase, they are still well below the national average which makes the city one of the most attractive places to lease. Atlanta’s central location as a distribution hub of the Southeast, proximity to the booming Port of Savannah, highly diversified economy, and comparatively low cost of living and doing business will continue to drive strong interest in the region.
Locally, there is heavy leasing activity in all size categories from small tenant to bulk warehouse. With the high demand for space and Atlanta’s vacancy rates around four percent, developers are building warehouses and distribution centers before having a lease agreement. Institutional investors are also aggressively purchasing large buildings to prevent being caught without a space to expand. And with the focus on large bulk facilities there is not much construction activity for small bay which means older, smaller spaces are leasing extremely fast.
E-commerce continues to drive the industrial development with no sign of slowing soon. New and established businesses are taking full advantage and expanding in all size categories. The pandemic intensified the demand for home delivery of goods and now that demand is to deliver those goods even faster. Small business owners working from home are now leasing warehouse space while the likes of Amazon, Goodyear and Home Depot are occupying millions of square feet throughout the Metro area.
As a leader in the industrial market, McWhirter is here to help your business buy, sell or lease the perfect space for your company’s success.
Peyton McWhirter is a member of the Society of Industrial and Office Realtors (SOAR), the leading global professional office and industrial real estate association, where membership is based on active engagement and production in the industrial real estate industry.