Atlanta to Add 10.8M SF of New Industrial Space in 2021
Friday, April 9th, 2021
Last year was tough for everyone and most industries. However, industrial real estate construction was more insulated. Shelter-in-place mandates, working from home and online schooling meant that Americans weren’t going anywhere — and, as a result, they were getting everything delivered. To meet the increased demand, industrial property construction intensified, adding nearly 276 million square feet across 915 properties last year. With Dallas and Phoenix on top, both of which welcomed more than 25 million square feet of new industrial space, 2020 construction totals nearly doubled what the 2019 U.S. industrial pipeline delivered.
Here are some local highlights:
Atlanta is expected to add 10.8 million square feet of new industrial space across 29 projects in 2021, making it the 8th most active market in terms of construction this year.
The biggest industrial project to come online in the Atlanta market in 2021 is the 1.1 million-square-foot Building 1 of the Majestic Airport Center V.
The biggest project completed here last year was the 2.6 million-square-foot 2255 West Park Place Blvd., which also ranked as the fourth-biggest industrial project in the nation in 2020.
Read the full report, including insights from several industry experts, here: https://www.commercialsearch.