Availability rate in Atlanta’s industrial market still high, but continues to decline

The Metro Atlanta industrial real estate market still has a long way to go on the road to recovery, but availability rates do seem to be making a slow and steady improvement.  In the first quarter of 2011 we recorded an availability rate of 21.2%, which was a record high for Atlanta’s industrial market.  The first quarter of 2013 showed an availability rate of 18.6%.  As Sim Doughtie says in our latest Point of View, “This marks the eight consecutive quarter of reduced availability – further testimony that we are moving in the right direction.”

Total amount of square feet available for new and used space at the end of the first quarter this year came to a little over 110,000,000.  This is still a long way from the lower figures we were seeing in 2008 and earlier, which were around only 80,000,000 square feet.  Hopefully we continue to see declining rates of availability in months to come.

Allison Evans

Associate
King Industrial Realty