Industrial vacancy remains low and demand remains high as 2022 ends

As Q4 ends, Atlanta’s industrial market continues to be one of historically low vacancy and climbing rental rates. These market conditions have been an obstacle for tenants in search of space. In Q4, rental rates in Atlanta rose to a new high of $5.90 per square foot. The continued growth in rental rates comes as a result of the still-suppressed supply of space. Atlanta’s industrial market showed a vacancy rate of 4.1% during Q4. This represents an increase of 20 basis points in year-over-year vacancy. The Stone Mountain submarket claims the quarter’s lowest vacancy, at only 0.6%.

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