{"id":3714,"date":"2023-07-18T16:25:23","date_gmt":"2023-07-18T20:25:23","guid":{"rendered":"https:\/\/www.lee-associates.com\/atlanta\/?p=3714"},"modified":"2025-08-18T16:33:34","modified_gmt":"2025-08-18T20:33:34","slug":"q2-2023-atlanta-industrial-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/atlanta\/2023\/07\/18\/q2-2023-atlanta-industrial-market-report\/","title":{"rendered":"Q2 2023 Atlanta Industrial Market Report"},"content":{"rendered":"<div id=\"pl-3714\"  class=\"panel-layout\" ><div id=\"pg-3714-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-3714-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-3714-0-0-0\" class=\"so-panel widget widget_sow-image panel-first-child panel-last-child\" data-index=\"0\" style=\"margin: 10px 10px 10px 10px;\" ><div style=\"padding: 10px 10px 10px 10px;\" class=\"panel-widget-style panel-widget-style-for-3714-0-0-0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-image so-widget-sow-image-default-8b5b6f678277-3714\"\n\t\t\t data-overlay-enabled=\"1\" data-overlay-settings=\"{&quot;enabled_for_widgets&quot;:[&quot;sow-image&quot;,&quot;sow-image-grid&quot;,&quot;sow-simple-masonry&quot;],&quot;theme&quot;:&quot;&quot;,&quot;show_delay&quot;:300,&quot;overlay_color&quot;:&quot;#000000&quot;,&quot;overlay_opacity&quot;:0.8,&quot;overlay_position&quot;:&quot;bottom&quot;,&quot;overlay_size&quot;:0.3,&quot;desktop_show_trigger&quot;:&quot;hover&quot;,&quot;touch_show_trigger&quot;:&quot;touch&quot;,&quot;responsive_breakpoint&quot;:&quot;1024px&quot;,&quot;responsive_breakpoint_unit&quot;:&quot;px&quot;,&quot;overlay_animation&quot;:&quot;fade&quot;,&quot;overlay_animation_onscreen&quot;:false,&quot;font_family&quot;:&quot;&quot;,&quot;text_size&quot;:&quot;15px&quot;,&quot;text_size_unit&quot;:&quot;px&quot;,&quot;text_color&quot;:&quot;#fff&quot;,&quot;text_padding&quot;:&quot;22px 22px 22px 22px&quot;,&quot;text_position&quot;:&quot;middle&quot;,&quot;text_align&quot;:&quot;left&quot;,&quot;text_animation&quot;:&quot;&quot;}\"\n\t\t>\n<div class=\"sow-image-container\">\n\t\t<img \n\tsrc=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/07\/Q2_2023_Atlanta-Industrial-Market-Report_7.18-1-scaled.jpg\" width=\"1978\" height=\"2560\" srcset=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/07\/Q2_2023_Atlanta-Industrial-Market-Report_7.18-1-scaled.jpg 1978w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/07\/Q2_2023_Atlanta-Industrial-Market-Report_7.18-1-396x512.jpg 396w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/07\/Q2_2023_Atlanta-Industrial-Market-Report_7.18-1-989x1280.jpg 989w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/07\/Q2_2023_Atlanta-Industrial-Market-Report_7.18-1-768x994.jpg 768w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/07\/Q2_2023_Atlanta-Industrial-Market-Report_7.18-1-1187x1536.jpg 1187w, https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/07\/Q2_2023_Atlanta-Industrial-Market-Report_7.18-1-1583x2048.jpg 1583w\" sizes=\"(max-width: 1978px) 100vw, 1978px\" title=\"Q2_2023_Atlanta Industrial Market Report_7.18\" alt=\"\" \t\tclass=\"so-widget-image\"\/>\n\t<\/div>\n\n<\/div><\/div><\/div><\/div><div id=\"pgc-3714-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-3714-0-1-0\" class=\"so-panel widget widget_sow-editor panel-first-child\" data-index=\"1\" style=\"margin-bottom: 30px\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p class=\"p1\">After record-setting activity in 2021 and 2022, Atlanta\u2019s industrial market slowed in the first half of 2023. While industrial demand remains high, a slow deal process coupled with market uncertainty led leasing activity to decline to 6,460,974 SF in Q2 2023, the lowest level since Q3 2011. Sublease availability also grew by more than 3.2 MSF in Q2. Decelerating activity has not discouraged landlords from increasing rents, which hit a new record high of $8.32 PSF. Vacancy rose for the fourth consecutive quarter to 5.1% and tenant move-outs dropped net absorption to -557,882 SF in Q2 2023. Despite the Q2 slowdown, developers pushed ahead with new groundbreakings, with 36.2 MSF under construction, 19% of which is pre-committed.<\/p>\n<\/div>\n<\/div><\/div><div id=\"panel-3714-0-1-1\" class=\"so-panel widget widget_sow-button panel-last-child\" data-index=\"2\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-button so-widget-sow-button-leeassoc-b5504048a655-3714\"\n\t\t\t\n\t\t><div class=\"leeassoc-so-btn-base ow-button-base ow-button-align-center\">\r\n\t<a href=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/07\/Q2_2023_Atlanta-Industrial-Market-Report.pdf\" class=\"sowb-button ow-icon-placement-left ow-button-hover\" target=\"_blank\" rel=\"noopener noreferrer\" \t\t>\r\n\t\t<span>\r\n\t\t\t\r\n\t\t\tView Our Market Report\t\t<\/span>\r\n\t<\/a>\r\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>After record-setting activity in 2021 and 2022, Atlanta\u2019s industrial market slowed in the first half of 2023. While industrial demand remains high, a slow deal process coupled with market uncertainty led leasing activity to decline to 6,460,974 SF in Q2 2023, the lowest level since Q3 2011. Sublease availability also grew by more than 3.2 MSF in Q2. Decelerating activity has not discouraged landlords from increasing rents, which hit a new record high of $8.32&#8230;<\/p>\n","protected":false},"author":144,"featured_media":3717,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,416,5,9],"tags":[],"class_list":["post-3714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-news","category-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Q2 2023 Atlanta Industrial Market Report - Atlanta<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/atlanta\/2023\/07\/18\/q2-2023-atlanta-industrial-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q2 2023 Atlanta Industrial Market Report\" \/>\n<meta property=\"og:description\" content=\"After record-setting activity in 2021 and 2022, Atlanta\u2019s industrial market slowed in the first half of 2023. While industrial demand remains high, a slow deal process coupled with market uncertainty led leasing activity to decline to 6,460,974 SF in Q2 2023, the lowest level since Q3 2011. Sublease availability also grew by more than 3.2 MSF in Q2. Decelerating activity has not discouraged landlords from increasing rents, which hit a new record high of $8.32...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/atlanta\/2023\/07\/18\/q2-2023-atlanta-industrial-market-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Atlanta\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-18T20:25:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-18T20:33:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/atlanta\/wp-content\/uploads\/sites\/77\/2023\/07\/Q2_2023_Atlanta-Industrial-Market-Report_7.18-scaled-e1689713070266.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1977\" \/>\n\t<meta property=\"og:image:height\" content=\"1126\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bentley Logue\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bentley Logue\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/07\\\/18\\\/q2-2023-atlanta-industrial-market-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/07\\\/18\\\/q2-2023-atlanta-industrial-market-report\\\/\"},\"author\":{\"name\":\"Bentley Logue\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/#\\\/schema\\\/person\\\/79298bd307f5be439911b162807df286\"},\"headline\":\"Q2 2023 Atlanta Industrial Market Report\",\"datePublished\":\"2023-07-18T20:25:23+00:00\",\"dateModified\":\"2025-08-18T20:33:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/07\\\/18\\\/q2-2023-atlanta-industrial-market-report\\\/\"},\"wordCount\":129,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/07\\\/18\\\/q2-2023-atlanta-industrial-market-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/wp-content\\\/uploads\\\/sites\\\/77\\\/2023\\\/07\\\/Q2_2023_Atlanta-Industrial-Market-Report_7.18-scaled-e1689713070266.jpg\",\"articleSection\":[\"Featured\",\"Industrial\",\"News\",\"Research\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/07\\\/18\\\/q2-2023-atlanta-industrial-market-report\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/07\\\/18\\\/q2-2023-atlanta-industrial-market-report\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/atlanta\\\/2023\\\/07\\\/18\\\/q2-2023-atlanta-industrial-market-report\\\/\",\"name\":\"Q2 2023 Atlanta Industrial Market Report - 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