Atlanta’s industrial market is entering 2026 with a construction pipeline that remains meaningfully leaner than prior cycle peaks, even as groundbreakings have begun to pick back up. Space under construction is still aligned with levels that have historically supported steady absorption, keeping near-term delivery risk in check as vacancy continues to normalize.

The recent increase in starts reflects a measured return to development activity rather than a broad reopening of speculative supply. While the pipeline includes several large-format projects, most new construction is occurring within phased business parks, allowing supply to come online more deliberately and reducing the risk of simultaneous delivery pressure across submarkets. With capital still disciplined, the volume of new space scheduled to deliver over the next several quarters remains manageable. As existing availability is absorbed, the under-construction profile positions the market to tighten again, creating a more constructive environment for new development decisions over the medium term.