1 MSF Pre-Lease drops Henry County vacancy rate below 2%

Photo shows several large industrial buildings with truck parking around them. Photo shows concept for Gardner Logistics Park in Locust Grove (Scannell Properties photo).
(Scannell Properties photo)

Two large industrial leases during the third quarter of 2022 have dropped the Henry County industrial vacancy rate below 2%. No space larger than 210,000 square feet is presently available within the county.

Industrial demand throughout the Atlanta area continues to push all-time historically low vacancy rates. According to the latest market report from Cushman & Wakefield, metro Atlanta has a 2.9% vacancy rate.

2% Vacancy Rate

Only three years ago in 2019, Henry County had an industrial vacancy rate above 12%. The COVID-19 pandemic brought about increased demand for distribution space. Now, nearing the end of 2022, Henry County’s vacancy rate is below 2%. In addition, buildings under construction are often pre-leasing prior to their completion. Such is the case in Locust Grove discussed below.
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Clayton Carte is the founder and owner of MHF News. Since 2017, he has written over 1,000 articles sharing local updates with the community.