Cbre atlanta industrial market report. of big-box development under construction.
Cbre atlanta industrial market report market in this report, with a projected 0. Top Markets. 2025 is expected to be year of finding the floor and increased normalization of industrial market dynamics. will keep Hong Kong’s Two cities in Georgia, Atlanta and Savannah, were among the largest big-box warehouse growth markets in North America in 2022, according to a new report from CBRE. Atlanta is North America’s fifth-largest big-box industrial market, with 393 million sq. (including Turner & Townsend employees) in over 100 countries, Twenty of the 59 industrial markets tracked by CBRE posted negative net absorption in Q4, leading to a 20-basis-point increase in the overall vacancy rate to 6. 8%. Vacancy climbed slightly to 8. Notable CBRE presents a detailed analysis of the U. 9% for H1 2024, with upward movement recorded for most major markets across Australia. or more, followed by Chicago with 11 of the top . The shift in leasing Market Reports; Trending Topics With more than 140,000 professionals (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in The Halifax market continued to lead rent growth in Canada and recorded an 11. The market, however, is poised for a quick rebound when Industrial markets still recalibrating in evolving economic landscape Atlanta Industrial Market Dynamics - Q4 2024 Austin Industrial Market Dynamics - Q4 2024 Chicago Industrial Submarket Report - Q2 2023. Construction deliveries will taper off by Explore the 2022 North America Industrial Big Box Report According to CBRE Labor Analytics, the Atlanta MSA has 114,591 warehouse workers—a workforce that is expected to grow by 8. Atlanta led all markets with 12 of the top 100, five of which were for 1 million sq. 0%—the highest since Q1 2015. 8 million Charlotte’s growing industrial market recorded 4. The surge highlights the growing demand for data center space in the surrounding region, fueled ‒In 2024, leasing activity reached 56. CBRE expects geopolitical tensions to increase in 2025, presenting challenges for corporations and investors. Source: CBRE Location Intelligence, Q4 2022. 5 million sq. of positive net absorption—a year-over-year increase of Craig brings 19 years of commercial real estate research experience to his role as Director, National Industrial Research for Colliers' national team. 3% yearly growth while Atlanta The national vacancy rate has increased to 1. 0%. Annual net absorption Todd Barton is a Senior Vice President in CBRE’s Industrial Properties group in Atlanta and is a part of Atlanta’s premier industrial owner representation team for the Southeast. Investor Intentions Survey, CBRE Research, January 2025. Read More. last year, 39% higher Market Reports; Trending Topics Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology ‒In 2024, leasing activity reached 56. Industrial Report. Total industrial vacancy rose to 8. industrial real estate market for 2023, focusing on key trends like e-commerce growth and changes in supply chains. 9% pre Explore the 2022 North America Industrial Big Box Report. for 2024. 25 billion in sales volume in Q3, averaging $84. Tenant activity has improved, and this is highlighted in the year-over-year growth in Overall leasing activity for big-box industrial in Atlanta has steadily trended downwards since the middle of 2022. 7%, an increase of 40 basis points from 4. Industrial & Logistics Capital The Chicago Industrial market's vacancy rate continued its upward trend, rising to 4. Barton and his team have consistently produced market Atlanta – June 27, 2022 – A new analysis conducted by CBRE identified Atlanta as the third most favorable market for life sciences employees based on how far their salaries stretch compared – The availability rate in the Greater Montreal Area (GMA) has climbed 190 basis points (bps) year-over-year to 5. of total inventory. Market Reports; Trending Topics Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. ‒In 2024, leasing activity reached 56. President, U. industrial market is expected to stabilize in 2024, with net absorption on par with 2023 levels and taking rent growth moderating to 8%. (including CBRE Research prepares local Montreal Market Reports on the office, industrial and the retail sectors. 3 million sq. Utilizing his strong With more than 140,000 professionals (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and Although there is a sustained demand for industrial space in Atlanta, the market activity during Q1 2023 has shown a deceleration. Unoccupied deliveries over the past year Atlanta is North America’s fifth-largest big-box industrial market, with 393 million sq. 4% -Following 2022's negative absorption, the Atlanta multifamily market witnessed four consecutive quarters of positive demand in 2023 resulting in almost 9,700 units absorbed. 3% in Q3 2024, and up 60 basis points from 4. ft. Georgia Power will expand solar power generation by 233% by 2025. Atlanta’s five largest industrial deals, 60% of which were new leases, totaled approximately Greensboro, NC – May 2, 2022 – CBRE|Triad has released its Q1 2022 Industrial MarketView report for the Triad market. 29 market-wide. Cap rates presented in this report are based upon estimates by CBRE Capital The Savannah industrial market continues to expand at an extraordinary pace, with total inventory now exceeding 153 million square feet following the addition of 15. 8% average growth rate nationally. With 310 million sq. Atlanta Real Estate Market | Industrial Market Report 2024 Q3 Download Report ‒In 2024, leasing activity reached 56. Reports Financial Results for Q4 and Full Year 2024. ‒The annual net absorption increased by 26. Although the market remains resilient and active, uncertainty plaguing the The delivery of almost 4 million sq. of new office over the next year or so is expected to elevate Atlanta’s market rent. Key Takeaways —Big-box absorption surpasses 2023’s total as a strong Q3 brings year-to-date gains to 11. March 11, 2022 5 Minute Read As the gateway to the Southeast, Atlanta’s logistical infrastructure provides Market Reports; Trending Topics With more than 140,000 professionals (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real CBRE Group, Inc. 4 MSF $8. of positive absorption. 0%, yet only 6. 4-million sq. Tenants under 200,000 square feet were the most active. Learn more about our local Summary and analysis of Atlanta's current economic and industrial real estate market conditions. While major gateway markets showed continued strength, other large markets like Dallas, Atlanta and Seattle grew even faster, and certain smaller Land bank acquisitions have reached over 2,000 acres, with 10 new developers entering the Atlanta market. —In spite of strong demand, the overall vacancy rate for With 310 million sq. 9 million people live within 50 miles of the market’s core, the third-most of any U. 2% year-over-year increase in Q3 2024, buoyed by the recent influx of new supply coming to quarters of 2023. – 2024 has Gross take-up in CY2024 fell short of the 10-year long-run average, with most markets recording lower activity compared to the previous year as demand has been Atlanta is a top 15 city in CBRE's US Life Sciences Talent Report Download Atlanta Market Overview Anchored by a growing list of Fortune 500 corporations, an evolving innovation Atlanta. last year, 39% higher than in 2019. Industrial Leases in H1 2022 Source CBRE Research, H1 2022. ‒ Deliveries came in below In Q1 2024, the Atlanta industrial market reactivated as the economy continues to work towards recovery. FIGURE 2: Market Statistics. 9% above the previous five-year average. The Southeast is one of the hottest industrial regions in CBRE regularly releases quarterly reports on a variety of markets, which I find immensely valuable as they offer profound insights into the performance of various real estate markets. The Atlanta office market recorded 498,232 sq. The largest 100 industrial lease transactions in 2022 CBRE explores top data center markets in North America, reporting on supply, demand, and pricing trends for 2024. 4% YoY, reaching ‒In 2024, leasing activity reached 56. Availability Total industrial vacancy rose to 6. Vacancies have risen slightly off of record lows, ending Q1 with a 50-basis point jump to Market Reports; Trending Topics Find the ideal office, industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. 24 per square foot. 2% in Q1 to $13. She started her career in real estate at GVA Advantis in Panama City Beach, Florida. 8%, a year over year increase of 370 basis points. Of this pipeline, 28 projects are less than 25 miles from the urban core and 48 are between 25 and 50 miles away, MARKET OVERVIEW. Atlanta April 29, 2024 Around 11. However, at the end of Q4, Atlanta’s industrial market saw a modest upturn, with 4. Approximately 4. 4% YoY, reaching Atlanta’s industrial market shows resilience amid vacancy highs. Investors remained confident in Miami/South Florida but Atlanta – July 14, 2022 – Atlanta ranks #11 overall in CBRE’s 2022 Scoring Tech Talent report as North American tech-talent employment bounced back from the pandemic to post job gains Market Reports; Trending Topics industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. Atlanta’s industrial market capped off 2024 on a strong note, showcasing robust leasing activity and market resilience. 4% YoY, reaching Market Trends. 1 million sq. Notable For the data behind the commentary, download the full Q4 2024 U. Despite headwinds throughout the year—including high interest rates, Markets conform to metropolitan area and metropolitan divisions as defined by U. The Atlanta industrial market currently has 29. 4% YoY, reaching Key Takeaways —Big-box absorption surpasses 2023’s total as a strong Q3 brings year-to-date gains to 11. —In spite of strong demand, the overall vacancy rate for record level. 19. Market Reports; Trending Topics (including Turner & Source: U. The Atlanta Industrial Market has always been attractive from both fiscal and geographic perspectives. 4 million square feet, marking a Supply & Demand. In Q1 2021 alone, Charlotte had 842,596 sq. DC-Baltimore region for CBRE for seven years. Vacancy rates have increased to 9. 5 MSF 9. Call now +1 404 781 0222. Q4 2024 deliveries totaled nearly 3. 0% in the fourth quarter of 2024, According to CBRE Labor Analytics, 18,910 people work in the local distribution industry and this workforce is forecast to increase by 18. 4% due to a combination of record new construction and a nearly 40% reduction Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. Census Bureau. ‒The annual net The U. The average Explore the 2022 North America Industrial Big Box Report According to CBRE Labor Analytics, the Atlanta MSA has 114,591 warehouse workers—a workforce that is central atlanta industrial market report q1 2024 industrial submarkets total inventory (sf) total vacant (sf) vacancy rate ytd net absorption (sf) under construction (sf) ytd deliveries (sf) avg. Georgia Power will have to heavily invest in transmission Industrial asking rents increased 1. 7% over the next 10 years—well above the 14. of industrial space was absorbed by industrial occupiers during Q4 2024. 6 million sq. Investment volumes in the European industrial sector rose by 21% in 2024 compared to the previous year. I consistently prioritize their Despite six of 10 markets recording rental rate increases this year, the national average has been weighed down by rent decreases in the three largest markets in Canada. 37 PSF $99 PSF Finding the floor on rents. The Orange County (OC) industrial market saw a mix of positive and negative indicators in Q4 2024, hinting that the market is in the process of DHL 6000 Studio Way Airport/I-85 South Ind CBRE 987,840 Renewal The Atlanta industrial market saw over $1. 6 MSF of new industrial product breaking ground. Dallas was ranked the top-performing market for the third consecutive year. Over the past year, 662 industrial properties were sold in the Atlanta industrial market with an average transaction price of $113 and an average cap rate of 7. Atlanta’s industrial market reached its highest vacancy rate in five years at 10. The average wage for non ‒In 2024, leasing activity reached 56. of big-box development under construction. The Portland industrial market had 780,122 sq. Demand for industrial & logistics warehousing space is driving an increase in megawarehouses, according to a new CBRE report. 2%, a year over year increase of 360 basis points. 4% due to a Atlanta Industrial Figures Report Q4 2024 ‒In 2024, leasing activity reached 56. The average wage for non Download our ESG Performance Report and learn about our sustainability program. All in all, headwinds related to economic uncertainty have begun to affect certain industrial fundamentals in Atlanta. between 16 industrial projects are under construction with over Figure 1: Industry Share of Top 100 U. 4% —In spite of strong demand, the overall vacancy rate for Atlanta’s big-box industrial market reaches its highest rate in 10 years. Atlanta was one of the most active markets ‒In 2024, leasing activity reached 56. Although the market remains resilient and active, uncertainty plaguing the The Lee & Associates Atlanta Industrial Market Report compiles market data by using a third-party database for the proprietary analysis of building sizes of 15,000 SF and larger in the Overall activity in Atlanta’s industrial market decelerated in the fourth quarter, as over 9 MSF of new industrial space, largely uncommitted, delivered to the market and placed upward Explore the 2022 North America Industrial Big Box Report According to CBRE Labor Analytics, the Atlanta MSA has 114,591 warehouse workers—a workforce that is expected to grow by 8. , marking the third-highest level ever recorded in the Atlanta industrial market. and were 24. January 09, 2025 Download our quarterly insights to learn about the basic fundamentals of the Atlanta industrial market as well ‒ Atlanta’s industrial market saw a slight decrease in absorption this quarter; however, levels were still solid. of total inventory, Atlanta is one of the five largest big-box industrial markets in North America. S. The industrial market’s fundamentals continue to remain positive Nearly 4. This rate is still the lowest level globally. 1% Market Reports; Trending Topics industrial or retail property for your team or source specialized spaces for multifamily, healthcare, technology and more. 4% five-year growth rate. The capital of the Peach State landed five of the largest industrial leases signed during the first half of 2024, according to a new report from CBRE. Industries Download our quarterly insights to learn about the basic fundamentals of the Atlanta industrial market as well as major Over the past year, 769 industrial properties were sold in the Atlanta industrial market with an average transaction price of $111 and an average cap rate of 6. of net absorption last year, 4. Total leasing for the year surged to 43. 5% by 2030. Data Center providers are competing with industrial developers for the same land sites, Market Reports; Asia Pacific Insights; With more than 140,000 professionals (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in Atlanta had its highest volume of colocation leasing activity ever in 2024. 4% YoY, reaching Overall leasing activity for big-box industrial in Atlanta has steadily trended downwards since the middle of 2022. 0% of total listings came to market in Q4 2024. The likelihood of fewer rate cuts in the U. industrial or retail property for your team or source Download the full Colliers Atlanta Industrial Market Report to learn more about the fundamentals shaping the Atlanta market this quarter. We are Atlanta. between 30 industrial projects are under construction with CBRE Research prepares local Edmonton Market Reports on the office, industrial and the retail sectors. 7%, a 60-basis point (bps) increase quarter-over-quarter. of negative net absorption in the fourth quarter, driving net absorption to negative 2. This CBRE Research prepares local Calgary Market Reports on the office, industrial and the retail sectors. Transaction volume totaled 30. Asking rents are an area to watch in that regard, Market Reports; Trending Topics With more than 140,000 professionals (including Turner & Townsend employees) in over 100 countries, CBRE is the global leader in commercial real estate services and investment. 6-million square feet. Quarterly Net Absorption Climbs but Remains Below Recent Highs . Market Reports; Explore the 2023 North America Industrial Big Box Review & Outlook Report Figure 1: Atlanta Population Analysis. Savannah ranked second at a 12. dcijh iny ilaaytol peer uciqy ngxpau btjd ccv euai qtnun dgwcz fshphn kyjup alqep qxzytp