A record-setting quarter for the Atlanta Industrial market. South Atlanta lead the way with over 6.5 MSF of absorption. While I-20 West/Fulton Industrial became the tightest market with a vacancy rate of 3.8%. Atlanta continues to be the logistical hub of the Southeastern US and one of the top-performing markets in the country. E-Commerce and the Savannah port are the largest drivers of industrial activity. The Savannah port is outperforming all the other US ports in terms of growth.
All of those containers need someplace to go and Atlanta is the primary benefactor of that growth. While E-commerce merchants along with Amazon are taking down huge amounts of space in order to fulfill last-mile deliveries.