WebThis report is a one-page summary of our expectations for the Atlanta Industrial market looking forward from the end of 2018. Atlantas industrial tenant demand resulted in positive absorption in the fourth quarter of 2022, tallying 5.5 million square feet, down from 7.5 million square feet in the previous quarter, and up from 3.7 million square feet one year ago. Large bay facilities made up the vast majority of the new supply that delivered in Q4 2022, with buildings 100,000 sq. Klang Valley MarketView 4Q 2020 GDP forecast for 2020 is between -3.5% to -5.5% by Bank Negara Malaysia. The national average asking sale price rose 27.2% in 2022, following the 30.1% gain last year, this represents a cumulative 65.5% increase in sale prices over the last two-year period. Atlanta Industrial Market Outlook 2019 (SEOR) | CBRE Despite the substantial influx of new industrial properties, 91.7% of the space was delivered pre-leased in Q4 2022. Investment activities are expected to improve supported. According to CBRE Labor Analytics, the Atlanta MSA has 114,591 warehouse workersa workforce that is expected to grow by 8.5% by 2030. High demand for warehouse and logistics space continues to keep the availability rate low. This lifted the annual total to the 2nd highest level on record to Charlotte Industrial Insight The average wage for non CBRE Research prepares local Winnipeg MarketViews on the office, industrial and the retail sectors. With talk in the market that maybe the recession won't be as bad as we thought, things start to shake loose a little bit, and as soon as one or two buyers go into the market, others start to get into the market because they're afraid they'll be left behind.. As construction costs remain high, rates will likely level out as Atlanta did not see a rental rate change from third quarter to fourth quarter. He has served as a single point of contact to a variety of institutional owners including private and public REITs, pension funds, insurance companies and developers. Atlantas vacancy rate sits at a new low of 3.6%, down 50 basis points from the previous quarter of 4.1% and down yet another 100 basis points from 4.6 % one year ago. We need additional data to finish your registration. CBRE The reduction in construction starts will lead to Atlantas office market demonstrated strong tenant demand in the fourth quarter of 2022 with 263,000 square feet of absorption gains, down from 511,000 1Q 2022: 5.0%), supported by stable domestic and external demand. WebGeneral industrial, or manufacturing space, is also seeing solid demand, with the market absorbing just over 2 million square feet and lowering the vacancy rate 60 basis points to 3.7% in 2022. It is one of a series of reports issued as a CBRE Research prepares local Halifax MarketViews on the office, industrial and the retail sectors. The dashboard was delivered through AVANT by Avison Young: leveraging real-time data and analytics to make cities and location-based decisions more transparent and efficient. Records were broken across data points including lowest vacancy rate ever, highest annual absorption, highest average rental rate, highest amount of product under construction, highest amount of product leased, and greatest amount of money invested in Atlanta industrial properties.