Atlanta Industrial Market Faces First Negative Growth in Over a Decade Amid Economic Uncertainty

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As of June 2023, Metro Atlanta's industrial market has experienced its first quarter of negative net absorption since 2011, signaling a shift after nearly 15 years of growth. The region's industrial vacancy rate has risen to 8.6%, attributed to a slowdown in large leases and an overabundance of new warehouse constructions, with several newly built warehouses remaining vacant. Despite these challenges, experts note that the market retains some momentum, with increased lease signings and a strong investment interest in industrial properties, indicating a potential shift in dynamics as construction slows.