ATLANTA—New product is skewing Atlanta's industrial market—but just slightly and just for the third quarter. That's according to Transwestern's latest report.
Industrial vacancy rose very slightly to 7.2% in the third quarter. That's due to the delivery of new product outpacing industrial demand in the short term. During 2017, industrial vacancy is down half a percentage point, as demand has been stronger than new product deliveries.
Despite the new deliveries, Industrial absorption remained strong in the third quarter, following an even more impressive second quarter. The Atlanta industrial market is on track to enjoy its strongest annual demand in years, if absorption trends hold steady in the fourth quarter. As of the third quarter, the market has already seen higher demand than it did in all of 2016.
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