→ Overall availability edged down to approximately 104.2 MSF in May, a modest decline from April’s 104.5 MSF and the first month-over-month decrease recorded in 2026, ending a four-month stretch of consecutive increases.

→ Sublease availability fell by approximately 680,000 SF during the month to 13.5 MSF, marking the first decline since January diminishing a portion of the nearly 2.8 MSF added to the market between January and April.

→ Broker sentiment remains positive as leasing activity continues to outperform expectations. Atlanta has already surpassed 9 MSF of industrial leasing volume two months into Q2, with nearly 7 MSF attributed to new deals rather than renewals, highlighting that tenant expansion and relocation activity remains active despite elevated availability levels.