Q1 statistics for the Atlanta industrial market indicate another strong year on the horizon. The first quarter of 2018 began with the second-largest delivery of speculative warehouse product, 5.3 million square feet (msf), in the Atlanta market since 2005.
Key industries that drive industrial leasing in the metro expanded significantly over the past year, particularly Manufacturing, Trade, Transportation, & Utilities, and Construction. At 4.9% year-over-year, the Construction industry employment growth rate is the highest in Atlanta. Georgia is expected to add over 100,000 people via in-migration in 2018, while unemployment is predicted to fall and wages are expected to continue to rise. These statistical and economic factors point to continued expansion of Georgia’s construction, manufacturing and transportation/logistics industries.