Here are the highlights from the report:

The end of 2020 was a high note for the Atlanta industrial market, which saw continued expansion of fundamentals as demand from e-commerce and logistics companies skyrocketed due to the pandemic. Amazon continued its expansion efforts in Atlanta, opening its new multistory distribution center. This represented the region’s first multistory warehouse and one of only a few around the country.

– Warehouse/distribution demand drives strong fourth-quarter fundamentals.

– The region’s first multistory warehouse, built for Amazon, opened in early December.

– The vacancy rate fell below 7.0% for the first time in two years.

– The average asking rental rate in the region fell 0.4% over the quarter to $5.18/SF.