Atlanta holds the role of a regional and national distribution hub, giving confidence to developers and investors in the market. Leasing volume has surged, and the metro has one of the largest speculative supply pipelines in the country on a nominal basis. Despite the vast construction inventory, vacancies have surprisingly trended downward and are expected to hold steady due to tremendous net absorption. Landlords have benefitted from the strong demand for industrial space in Atlanta, allowing rent growth to outperform the national benchmark. It remains one of the least expensive industrial markets in the country, especially compared to major West and East Coast distribution markets. With transaction volume driven by national and institutional capital, Atlanta’s pricing is rising faster than the National Index.