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Atlanta’s industrial market shows resilience amid vacancy highs
Atlanta’s industrial market reached its highest vacancy rate in five years at 10.0% in the fourth quarter of 2024, rising 220 basis points (bps) year over year as new supply continued to outpace demand. Despite this elevated vacancy, asking rents have remained remarkably resilient. At $6.94 per square foot (psf), rents are just two cents below their five-year peak, marking a 2.1% increase year over year. This stability underscores Atlanta’s strength and ability to withstand broader economic uncertainty, including pressures tied to the presidential election. As velocity of vacancy growth slows and rents hold near record highs, the market is signaling a shift toward equilibrium, setting a positive foundation for 2025. Atlanta remains well-positioned as a key industrial hub with sustained demand for premium space.