Cushman & Wakefield released second quarter statistics for the Atlanta industrial market, including several record-breaking numbers. Atlanta experienced the most overall net absorption within the first half of any year ever recorded at 6.4 million square feet, followed by 6.3 million square feet of occupancy gains in the second quarter of 2017. This brings the first half total for overall net absorption to 12.7 million square feet. Despite the record amount of occupancy gains so far this year, the vacancy rate has remained flat year-over-year at 8.4 percent. This is evidence that absorption is keeping pace with new completions.
The I-20/Fulton Industrial submarket dominated absorption during the first half of the year with 3.4 million square feet of overall net absorption. The largest move-ins year-to-date include Variety Wholesalers’ move into 1.4 million square feet at the Shenandoah Industrial Park and Wayfair’s move into 846,496 square feet of space at the King Mill Distribution Park.
To view the entire Atlanta Q2 industrial report, click here to visit the Market Research page.