Despite Economic Headwinds, Atlanta Saw Record Deliveries in Third Quarter

Despite persisting economic concerns, Atlanta’s office and industrial markets have grown steadily over the third quarter, with record deliveries in both asset classes.

  • For the first time since 2001, Atlanta saw 2.1 million square feet of office space delivered in the market, recording 594,000 square feet of positive absorption in Q3 and 1.3 million square feet YTD (a stark difference from last year’s numbers).
  • In Atlanta’s industrial market, over 9.5 million square feet was delivered, mostly in the Northwest Atlanta and South Atlanta submarkets, nearly tripling the amount of space delivered in Q2. As a result of this record-high delivery, absorption remained strong at 5.8 million square feet in Q3 and 15.4 million square feet YTD (signaling a gradual shift back to pre-pandemic numbers).

To learn more about Atlanta’s recent market activity, please see Colliers’ Q3 2022 Office Market Report and Q3 2022 Industrial Market Report, which include insights on construction, vacancy numbers, leasing rates and investment activity.

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January 26th, 2023
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Hotel construction shows signs of life

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