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Development Pullback Positions Atlanta for Standout Industrial Vacancy Decline by 2025

Recent Groundbreakings for Industrial Projects Fall Well Behind Long-Term Growth Rates of Tenant Demand
Scannell Properties’ 2.7 million-square-foot Gardner Logistics Park development is fully leased to tenants including NVH Korea, Ryder and Love’s. (CoStar)
Scannell Properties’ 2.7 million-square-foot Gardner Logistics Park development is fully leased to tenants including NVH Korea, Ryder and Love’s. (CoStar)
CoStar Analytics
September 22, 2023 | 3:58 P.M.

Atlanta industrial property owners had plenty of reason to celebrate when a historic distribution space shortage caused the market’s industrial vacancy rate to fall to an all-time low of 3.2% in 2021-22.

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News | Development Pullback Positions Atlanta for Standout Industrial Vacancy Decline by 2025