RENTS RECALIBRATED

Analyzing Atlanta’s Industrial Rental Rate Growth

Atlanta’s industrial market has undergone a transformative shift in fundamentals over the past few years. Heightened demand from the e-commerce and last-mile logistics boom during the pandemic era pushed development across the metro to new heights. The rapid growth in construction activity, coupled with moderating demand in 2023, raised vacancy rates across the metro, reshaping the landscape.

Rising construction costs also created additional pressure on the industrial market, compelling owners to raise tenant rents higher to recover increased building expenses. While the growth has begun to moderate over the past few months, the continual rise in rents since 2021 despite recent moderation of absorption and higher vacancy rates, underscores the shift in supply and demand dynamics across Atlanta.

This study analyzes rent growth metrics including net effective rents and escalations across Atlanta since 2019. The analysis includes full lease comps tracked by Cushman & Wakefield as of November 2025, excluding subleases.

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