Atlanta's industrial market continued its record-breaking pace in the third quarter. The Atlanta metro is on track to vastly exceed the record for warehouse construction deliveries in 2021, according Cushman & Wakefield's Q3 market report.
Construction has been completed on 21.5M SF of industrial space so far in 2022, with 71% of the spec space preleased, C&W reported. Another 18.2M SF of industrial delivers be completed before the end of the year.
Atlanta's average warehouse asking rental rate is up 33% YOY to $6.02 PSF, surpassing the $6-mark for the first time in history in Q3, C&W said. Every submarket in the Atlanta metro now averages more than $5.20 PSF.
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