1.0Atlantahttps://www.lee-associates.com/atlantaYear-End 2023: Industrial Pipelinerich600338<blockquote class="wp-embedded-content" data-secret="q4JVGFs45m"><a href="https://www.lee-associates.com/atlanta/2024/02/06/year-end-2023-industrial-pipeline/">Year-End 2023: Industrial Pipeline</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.lee-associates.com/atlanta/2024/02/06/year-end-2023-industrial-pipeline/embed/#?secret=q4JVGFs45m" width="600" height="338" title="“Year-End 2023: Industrial Pipeline” — Atlanta" data-secret="q4JVGFs45m" 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/77/2024/02/Screenshot-2024-02-06-at-5.23.26 PM.png718277In 2023, industrial groundbreakings were down approximately 60% compared to 2021 / 2022 levels. The decline in development activity can be directly attributed to a more challenging lending environment and underwriting standards that no longer align with the current market dynamics. Factors contributing to this shift include flattened rental rates, increased construction costs, and higher cap rates. The lower development activity could be viewed as a positive by giving the market the opportunity to recover...