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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