The numbers indicate 2015 was one of the best years in recent memory for Atlanta’s industrial sector, with tremendous growth and demand for space increasing consistently throughout the year, according to a new report from Cushman & Wakefield Research.
The biggest news may be the overall rental rate, which closed the year at $4.29, up 7.3% from year-end 2014 and up more than 17% from where it sat four years earlier. In addition, rental rates in three submarkets — Georgia 400 ($8.35), Northeast ($5.05) and I-20/West Fulton Industrial ($3.73) — are the highest on record for those areas.
Also noteworthy has been investor sales activity, which has spiked each of the past two years. Total investor sales activity for 2015 was 21,428,115, which was down 16.2% from 2014 but still the second-highest the Atlanta market has seen in the past 15 years.
For more on where the Atlanta industrial market stands as 2016 continues to ramp up, including details on absorption and vacancy rates, click on the image below to view the full report.