July 26, 2020 Comments (0) Views: 356 Atlanta, Atlanta News, Top Atlanta

Colliers: Atlanta Industrial Market Powered by E-commerce in 2020

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Atlanta’s industrial market returned to stronger absorption levels in the second quarter, with occupancy gains totaling just over 4.4 million square feet, according to Colliers International’s Q2 2020 Industrial Report for Atlanta.

Net absorption in Atlanta’s industrial market totaled 4.4 million square feet in Q2, bringing the year-to-date total to just over 4.7 million square feet. Additionally, the average industrial rent in Atlanta is nearing $5 per square foot.

Leasing activity during the quarter was dominated by Amazon, with the e-commerce giant transacting 3.7 million square feet of leases over the three-month period. Combined, Amazon and Walmart were the largest occupancies for the quarter, accounting for almost half of net absorption.

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