Q1-2023 CBRE Releases Atlanta Industrial Big-Box Report

CBRE regularly releases quarterly reports on a variety of markets, which I find immensely valuable as they offer profound insights into the performance of various real estate markets. I consistently prioritize their Atlanta reports and gleaned a lot of great into from their 2023 - Q1 Atlanta Industrial Big-Box Report.

In the first quarter, Atlanta's big-box market witnessed positive absorption, but the increase in vacancy was a result of newly delivered inventory surpassing occupancy gains. The leasing of big-box industrial spaces in Atlanta continued to decline, primarily due to national economic concerns rather than lack of demand.

The market boasts abundant availability of big-box properties, particularly in the 200,000-500,000 square feet range, thanks to a robust development pipeline. Despite nearly a 50% increase in rental rates since 2020, Atlanta remains one of the more affordable locations nationwide for businesses seeking big-box spaces.

You can view a copy of this report on CBREs website.