ATLANTA—Record-breaking numbers are marking Atlanta's industrial market in the second quarter. That's according to Cushman & Wakefield's latest report.
Atlanta experienced the most overall net absorption within the first half of any year ever recorded at 6.4 million square feet. That was followed by 6.3 million square feet of occupancy gains in the second quarter of 2017. This brings the first half total for overall net absorption to 12.7 million square feet.
“Despite a brief lull in the beginning of the summer, activity has begun to ramp back up with several projects between 250,000 to 1.3 million square feet scout for available space,” Lisa Pittman, director of Cushman & Wakefield's Industrial Tenant Representation Group, tells GlobeSt.com. “Cushman & Wakefield is currently tracking 16 projects 150,000 square feet and greater, totaling 12.79 million square feet.”
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