CBRE Q1 2023 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.

For more on this, see our post on Supreme Court drastically limits Clean Water Act’s scope. - Sackett v. EPA.

We cover this in more detail in Bob Sulentic on the Rapid Change of Commercial Real Estate.

For background, see our piece on Developing in Forsyth County, GA.