Atlanta Market | ENDS Q1 WITH A DECREASE IN SUBLEASE AVAILABILITY

Development Activity: As expected, development activity is gaining momentum, with developers breaking ground on six new projects in Q1, five of which are speculative with no current preleasing activity. The market ended the month at 7.1 million square feet under construction, still a low figure compared with historical numbers.

Industrial Overall Availability: Industrial availability showed a slight month-over-month increase. Notably, leasing activity, while still strong, decreased by 14.8% quarter-over-quarter, which further influenced the overall shift in availability.

Sublease Availability: Sublease availability declined in March 2025 to 10.2 million square feet. Although this remains above historical averages, it is still lower than the peak observed in May 2024.