Atlanta’s industrial market has been on the upswing for some time, and Cushman & Wakefield Research has found that the period between 2013 and today has seen the strongest rent growth in the sector’s history.
After hitting a record low of $3.67 per square foot during the Great Recession during 2013, industrial rents have built a tremendous momentum, climbing higher nearly every quarter up to a high of $4.29, settling in at $4.22 as of the second quarter of 2016.
That’s a jump of 15% in three years, the biggest increase in that period of time for the Atlanta metro area. There were also significant jumps from 2005 to 2006, and from 2007 to 2008, but no time period has sustained that momentum at nearly the rate that it’s climbed in the most recent three-year period.
The industrial market’s record performance can be attributed to a number of factors, including strong corporate demand for Atlanta-area space, and the realities of a metro area that has no natural geographic borders to keep it from spreading in all directions.
Click here to view a chart on Atlanta’s record industrial rent growth, including a look at how the rental rates have performed throughout the past 12 years.