ATLANTA—Atlanta's industrial market closed the third quarter of 2017 with 3.8 million square feet of positive net absorption and a total vacancy rate of 7.8%. The average asking lease rate, $4.50 per square feet, is the highest in the last 15 years.
That's according to CBRE Research. The firm just released its third quarter 2017 data on the industrial commercial real estate market in the Atlanta area.
With a year-to-date net absorption of 17.2 million square feet, 2017 has already surpassed net absorption numbers for the entirety of 2016 with one quarter remaining. As a direct result of increased absorption numbers, rental rates rose an average of 8% year-over-year and 30% overall since the third quarter of 2014.
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