Georgia Industrial Real Estate Market Highlights & Trends:
Throughout the state, industrial real estate in Georgia is thriving. In this report, Franklin Street’s industrial CRE experts dive deep into the metrics across Atlanta, Augusta, Gainesville and Savannah, while exploring the trends driving growth in these markets. See highlights below and download the full report for more insights.
Georgia Industrial Investment Activity
Atlanta saw record industrial sales volume in Q4-21 and was able to maintain momentum in Q1-22, amassing just under $1 billion in total transaction volume. While the other three markets in this report are smaller than Atlanta, investment sales activity remained strong in Augusta, Gainesville and Savannah as well.
Georgia Industrial Demand
Strong leasing demand and a lack of available space has kept vacancy rates very tight across all four markets. Across logistics, specialized and flex space, Augusta closed Q1-22 with the highest average vacancy of 4.9%, followed by Atlanta at 3.6%, Gainesville at 1.42% and Savannah at 1.3%.
Georgia Industrial Market Outlook
The Atlanta and Savannah markets are arguably some of the most important areas for industrial real estate across the Southeast. The area has been a hub for distribution centers for a long time and will continue to be so for years to come. With ecommerce now the norm in our country, the demand for industrial space will continue to heat up.
Moving forward, we can expect a lack of available land, construction delays and rising building costs to keep prevent supply from exceeding demand. Whether or not we are seeing long run averages in prices per square foot or rent per square foot rates is yet to be seen. But for the time being, the industrial market in Georgia is extremely hot, and investors have been taking notice.
Read or download Franklin Street’s full Atlanta / Georgia Industrial Real Estate Market Report below: