By The Numbers: Atlanta Industrial Analysis

In looking at absorption numbers for the industrial market in Atlanta, I am struck by the continued negative absorption numbers for multiple quarters.

• 2008 Q2: -1.2M SF absorption
• 2008 Q3: -.5M SF absorption
• 2008 Q4: -1.7M SF absorption
• 2009 Q1: -1.9M SF absorption

That's almost -5M SF of absorption over the past year with rising vacancy rates. Kudos to Atlanta industrial developers for cutting off the supply engine almost completely - there is less than 100K SF of industrial space under construction in Atlanta.