Q1 2026 Atlanta Industrial Market Report

Atlanta’s industrial market entered 2026 in a state of measured recalibration. Vacancy edged up 0.5% year over year to 8.3%, yet trailing twelve-month net absorption held positive at 7.3 million square feet, a figure nearly identical to the prior year period and a clear signal that occupier demand remains intact. The market’s 803 million square feet of inventory continues to attract both logistics users and specialized occupiers. Average asking rents rose 2.2% year over year to $9.93 per square foot, reflecting continued landlord confidence in well-positioned assets even as concessions become a more common tool in secondary locations.

Not all of Atlanta’s submarkets are telling the same story. The I-85 corridor, North and South, continues to lead the market on fundamentals, with vacancy below 7% and asking rents among the highest. GA-400/North remains in a class of its own at $14.75 per square foot, supported by limited supply, strong demographics, and sustained demand from last-mile and high-value distribution users. By contrast, Airport and I-75/South are absorbing elevated vacancy above 10%, where landlords are leaning on concessions and targeted capital improvements to move space. Investment activity across the metro totaled approximately $5.5 billion in trailing sales volume at an average of $128 per square foot, with capital remaining selective and thesis-driven. With 21.1 million square feet under construction market-wide, new supply is being underwritten with greater discipline. Build-to-suit and mission-critical uses are leading pipeline activity as spec spaces face a more cautious reception from the capital markets.

Download the full Q1 2026 Atlanta Market Report for detailed insights, submarket data, and outlooks.