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Atlanta Industrial Market Review – Q1'19

05/17/2019

 

Industrial continues to surge, with logistics space dominating the market. The metro benefits from its role as a national distribution hub, the growing Port of Savannah, and from strong local demographic growth. Vacancies have begun to tick up in recent quarters but are still well below the metro’s historical average. Sustained low vacancies have kept pricing power in the favor of owners, and rent growth continues to outperform the national benchmark.

However, with one of the largest speculative supply pipelines in the nation, vacancies in Atlanta are likely to rise in the near term. Submarkets south of Atlanta are likely to take the biggest hit. Investors continue to flock to Atlanta industrial, with the market setting a new record for sales volume each of the past two years. Pricing continues to appreciate, with average sales now coming in over $60/SF.

Atlanta remains one of the healthiest major markets in the country in terms of rent growth, and it is outperforming metros like Dallas-Fort Worth ($75/SF) and Chicago ($70/SF). However, metro-wide rents are roughly 25% above the pre-recession peak, which is below the national average mark.

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About NAI Brannen Goddard

NAI Brannen Goddard is a full-service commercial real estate firm, which provides a wide scope of services to regional, national and international clients.  Services range from leasing, investment sales and land sale to property and construction management.  NAI Brannen Goddard, founded in 1978, provides businesses, owners, and investors with high-quality real estate services and effective solutions for maximizing profitability and performance levels. To learn more, visit www.naibg.com.

 

About NAI Global

NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. To learn more, visit www.naiglobal.com.

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NAI Brannen Goddard

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