Atlanta Industrial Big-Box Report Q3 2024

Key Takeaways

—Big-box absorption surpasses 2023’s total as a strong Q3 brings year-to-date gains to 11.6-million square feet.

—In spite of strong demand, the overall vacancy rate for Atlanta’s big-box industrial market reaches its highest rate in 10 years. Unoccupied deliveries over the past year and a half are the reason for this.

—A decade low development pipeline will help drive prospects to existing availability. This is already taking place as seen in the total number of availabilities in Q3 dropping by 10 spaces compared to Q1.

—Though the average rental rate for big-box industrial continues to show upwards movement, moderation has begun to creep into the market.

*Note: Big-Box Criteria includes an industrial facility of at least 200,000 sq. ft., used as a traditional warehouse or distribution center.