1.0Atlantahttps://www.lee-associates.com/atlantaMid-Year 2023: Industrial Pipelinerich600338<blockquote class="wp-embedded-content" data-secret="y8uNNRGDPO"><a href="https://www.lee-associates.com/atlanta/2023/08/07/mid-year-2023-industrial-pipeline/">Mid-Year 2023: Industrial Pipeline</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.lee-associates.com/atlanta/2023/08/07/mid-year-2023-industrial-pipeline/embed/#?secret=y8uNNRGDPO" width="600" height="338" title="“Mid-Year 2023: Industrial Pipeline” — Atlanta" data-secret="y8uNNRGDPO" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://www.lee-associates.com/atlanta/wp-content/uploads/sites/77/2023/08/Screenshot-2023-08-14-at-4.35.40-PM.png819432The headwinds of frozen capital markets, declining leasing activity, and elevated construction costs combined have ceased almost all speculative development. In most submarkets, even if the land were free, there is no way to justify speculative development for the merchant developer who plans to exit upon stabilization. As a result of the banking crisis and increased interest rate environment, developers’ ability to secure construction loans for new speculative projects is almost impossible. Eighteen months ago...