• Atlanta

Video: Industrial Market Sets Leasing Record in the First Half of 2018 with 17 MSF Signed

Atlanta’s industrial market remains incredibly robust thanks to continued expansion in manufacturing, transportation and warehousing. In the first half of 2018, a new record of 17 million square feet of leases were signed. Overall vacancy rose 10 basis points to 8.2% in the second quarter, but is down 20 bps year-over-year despite 15.1 msf of construction deliveries in the intervening four quarters. Direct net asking rents in the second quarter averaged $5.01 per square foot, which was the first time direct rents surpassed $5.00 psf since Q2 2001. We expect leasing activity and absorption to maintain their consistent strength through the second half of 2018, as economic growth and job creation in construction, manufacturing, and transportation show few signs of slowing. For more, watch our video below and download our Q2 Industrial Marketbeat.

Alex Walker from Cushman & Wakefield Atlanta on Vimeo.

  • Atlanta

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