Sublease Availability Reaches New High: Sublease space climbed another 1.3 MSF in July, due in large part to a new 1 MSF addition from CJ Logistics in South Atlanta—marking two consecutive months of major block entries.

Total Availability Inches Up, Market Absorbing Gradually: Overall space rose by 2.5 MSF month-over-month to 103.5 MSF. While availability remains elevated, the pace of increase is slowing—suggesting the market may be gradually absorbing recent disruptions.

Construction Activity Nudging Up: While the construction pipeline remains restrained, new groundbreakings are starting to surface again, keeping under-construction availability steady and subtly adding future pressure.