The Atlanta Commercial Board of REALTORS® (ACBR), the largest commercial REALTOR® association in the country, released its Q3 2016 Industrial Brief on industrial market trend statistics for 22 Atlanta Industrial Sub Markets.
Q3 2016 Industrial Market Statistics
LABOR: According to the Bureau of Labor Statistics, the unemployment rate dropped 0.9 percentage points from 6.0% in July 2015 to 5.1% in July 2016. The Atlanta metropolitan statistical area job creation totaled 74,800 in the Atlanta-Sandy Springs-Roswell metropolitan statistical area over the past year.
ABSORPTION: The Atlanta metro absorbed over 1.9 million square feet (msf) during 3Q 2016 and 10.8 msf year-to-date.
VACANCY: Due to approximately 10.5 msf of space being completed during 2016, the overall vacancy rate has only fallen 0.1 percentage points to 9.0% in Q3 2016 from 9.1% at the close of 3Q 2015. Industrial vacancy rates rose from 8.7% in 2Q 2016.
CONSTRUCTION: There are currently 26 buildings totaling approximately 9.9 million square feet (msf) under construction. Through 3Q 2016, 24 buildings totaling 10.5 msf have been completed.
TOP LEASE TRANSACTIONS: Major occupiers of space included Medline, Best Buy, OHL, Bio-Lab, Inc., Golden State Foods, Pak Lite, Tyler Perry Studios, Green Circle Demo, Top Gun Powder Coating and APL.
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The data in this report was compiled by data provided by Xceligent, a leading provider of verified commercial real estate information. For more information on details of this month's report, please contact the Board at 404.250.0051.