Georgia Chamber Economic Competitiveness Redbook 2024

Page 97

Infrastructure of the Future

Table 33

Georgia Chamber Foundation

Georgia Warehousing Rental Rates Compared to the national average, Georgia’s warehouse rental rates remain more affordable and have grown at a more reasonable rate. This bodes well for future growth of the logistics industry in Georgia. Quarter

Average Georgia Rate

Average National Rate

Q1 -2021

$5.14

$6.90

Q2 -2021

$6.25

$7.03

Q3 -2021

$5.57

$7.18

Q4 -2021

$5.98

$7.39

Q1 -2022

$6.30

$7.89

Q2 - 2022

$6.51

$8.36

Q3 -2022

$6.64

$8.70

Q4-2022

$6.65

$8.81

Q1- 2023

$6.84

$9.19

Q2- 2023

$6.86

$9.59

% Change Q2 2021 till Q2 2023

10%

36%

Sourced from the Georgia Center of Innovation Logistics Market Snapshots

Home to nearly 900 million square feet of warehouse distribution space, Atlanta is largest warehousing market in the SE and 6th largest in U.S. Sourced from the Georgia Department of Economic Development

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Georgia Chamber Economic Competitiveness Redbook 2024 by Georgia Chamber of Commerce - Issuu