Atlanta is the ninth-largest metropolitan area in the U.S. with a population of 5.7 million. Its economy is vibrant and diversified, with a significant presence of businesses engaged in finance, industry, service and transportation, which support demand for industrial real estate.
The Atlanta region has experienced impressive population growth in the last 25 years. With nearly 3 million jobs, the region supports a high level of consumption. Accordingly, a substantial network of logistics warehouses is required support local demand.
Atlanta is home to 13 Fortune 500 companies. In 2015, Hartsfield-Jackson Atlanta International became the first airport to handle more than 100 million passengers in a single year. It is the busiest airport in the world.
Atlanta is connected by several major highways and freight rail lines to the Port of Savannah, which is 250 miles away and is the fourth-largest cargo port in the U.S. and the second-largest port on the East Coast, after Port of New York and New Jersey. Atlanta’s proximity to road and rail transport nodes, as well as the fact that some 80 percent of the U.S. population is reachable within two-days by truck or two-hours by air, makes it an important center for logistics and industrial real estate.
Prologis has numerous warehouse and industrial real estate properties in the Atlanta region, many of which are located near Hartsfield Airport, south of downtown.