The Atlanta industrial market experienced another banner year in 2016. Occupancy gains remained strong in the fourth quarter with 3.5 million square feet of positive net absorption. Leasing activity is up 8 percent from 2015 with 21.9 million square feet leased in 2016.
Fourth quarter 2016 statistics revealed that Atlanta shattered the previous delivery record set in 2000 when deliveries reached 14.9 million square feet. Speculative completions in 2016 were 15.3 million square feet, while build-to-suit completions posted 2.2 million square feet. This brings the overall construction completion total to a record amount of 17.5 million square feet. Even though 15.3 million square feet of speculative space delivered last year, more than half of that space is already leased. This proves that Atlanta is one of the most sought-after and attractive industrial markets in the nation.
To view the entire Q4 Atlanta industrial report, click here to visit the Market Research page.