Commercial Real Estate, Capital, Insurance, Leasing & Management

Q3-21 Industrial Report: Georgia

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Franklin Street’s Q3-21 report on Georgia industrial commercial real estate explores key data and metrics in industrial markets throughout the state, with an in-depth focus on Atlanta, Gainesville, Savannah and Augusta.

From rent growth to supply and demand factors, the report dives deep into the numbers driving Georgia’s flex, logistics and specialized industrial real estate markets.

Report Highlights:

  • Atlanta ended Q3-21 at just under 4% vacancy and an average rental rate of $6.99/SF. The market saw over $1.4B in industrial transactions and currently has 28.8 million square feet of inventory under construction.
  • Macon experienced the greatest rent growth of any market in Georgia, at 2.8%. Despite the growth, Macon remains one of the state’s most affordable industrial markets.
  • Across all industrial markets shown, Dalton represented the lowest vacancy rates amongst all three asset classes, but also represents a market that is much smaller relative to other markets analyzed.

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