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Sale Prices of New Logistics Centers Spike in Atlanta

Average Prices for Prime Properties Up 50% From 2019 Levels
After reaching full occupancy, the Palmetto Logistics Center sold for $102 million in September, double its 2019 sale price. (John Cooley/CoStar)
After reaching full occupancy, the Palmetto Logistics Center sold for $102 million in September, double its 2019 sale price. (John Cooley/CoStar)
By Adrian Ponsen, David Kahn
CoStar Analytics
October 29, 2021 | 5:24 P.M.

Ease of development has long been the great equalizer in Atlanta’s logistics market. Thanks to growth-minded local governments and abundant undeveloped land, developers have typically been able to respond to periods of heightened industrial demand by quickly breaking ground on large-scale speculative projects.

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