As expected, Atlanta’s industrial market saw an uptick in vacancy in the third quarter as a record amount of inventory delivered. Still, a healthy market, overall net absorption was back in the positive and surged in Q3 to 3.3 million SF. Overall leasing activity has dwindled quarter-over-quarter from record highs. However, sublease availability has begun to cool, rising only 8.9% since last quarter after rising 37% in the first half of the year. Industrial construction starts are down for the third quarter in a row, a sign that the development pipeline is rebalancing after two years of robust activity. This decline in groundbreakings will help ease supply pressures and allow Atlanta’s industrial market to absorb pipeline completions.