The industrial market absorbed 4.2 million sf in the thirdquarter, and net deliveries totaled 591,178 sf. Total sf of thenine markets is about 334.7 million sf. Currently, some 10.8million sf is under construction. The northeast quadrant along I-85corridor is one of the leading areas of development.

The greatest area of development, however, is the Southsidearound Hartsfield Atlanta International Airport. The airport'smulti-billion dollar expansion program under way is displacing some3.4 million sf of industrial space. Tenants are looking for newspace as their locations are bulldozed to make way for the fifthrunway and other new airport facilities.

Developers are rushing to accommodate the companies, primarilydistribution facilities, freight forwarders, couriers and cargofirms. Nearly 2.75 million sf of space was delivered or convertedin the third quarter to replace the lost space.