With the close of 2024, Atlanta’s industrial development pipeline has reached historic lows, signaling a significant market shift heading into 2025. While vacancy rates have increased to 8.8%, largely due to the delivery of vacant big-box product, leasing activity in the bulk space sector picked up toward the end of the year. This area, which has been the primary driver of the rising vacancy rate, is expected to see further improvement as tenants take occupancy in the coming months. In response to growing demand, developers have started moving forward with new projects after a more cautious start to the year, resulting in an uptick in groundbreakings during the second half of 2024. With supply remaining limited and availability shrinking throughout 2025, vacancy rates are expected to decrease, putting upward pressure on rents and creating a more competitive market in the year ahead.