Beaucoup construction—71.6 MSF over the next three years—is still anticipated to be met with enough user demand to keep Atlanta’s warehouse/distribution vacancy rate trending downward. The latest findings in Cushman & Wakefield’s forecast indicate that asking rents in Atlanta are expected to continue climbing in the coming years, increasing 10% YOY by the end of 2022 and approaching the $6-psf-mark by 2024.
Even with the substantial rent growth of recent years, Atlanta remains one of the most affordable top-tier W/D markets in the nation. While the metro faces many of the same headwinds experienced across the country—a tightening labor supply, inflation, supply chain disruptions, and rising construction costs—the connectivity to Georgia’s ports and the population of the Southeast and the comparatively low cost of living will continue to fuel demand and keep Atlanta poised for future growth.
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