Sublease Availability Climbs but Within Expected Range: Sublease space reached 10.8MSF in April 2025, driven by Saddle Creek’s 780KSF in South Atlanta. Sublease space now accounts for 1.2% of total inventory—right in line with the 1.0%–1.3% range projected in the Lee Atlanta Industrial 2025 Forecast.

Industrial Overall Availability: Total availability increased by approx. 700KSF to 97.1MSF in April, a nominal rise driven by slower but steady leasing activity and economic uncertainty.

Fundamentals Remain Stable Amid Shifts: Vacancy remains flat and tenant demand steady, even with slightly higher sublease volume. A cooling development pipeline and Atlanta’s long-term strengths continue to support market stability.