The Atlanta industrial market remains strong, with sublease availability declining by 196,285 SF in September 2024. The continued declining trend reflects robust leasing activity that has kept demand high, reducing the amount of available space. Overall market availability, which includes under-construction projects, sublease and vacant spaces, and occupied spaces being marketed, has also dropped, indicating an active market.

Although construction activity in Atlanta has reached its lowest point in a decade, there are signs of a rebound. So far in Q3 2024, two new speculative projects have officially broken ground, adding to the pipeline. These developments indicate a growing confidence in the market, with developers forecasting continued absorption of industrial space in the near future.