Despite an overall slowing of office fundamentals nationally, Atlanta’s office market has posted positive overall activity for four consecutive quarters. Vacancy ended Q1 at 18.4%, a 10-basis point decrease from the previous quarter. Net absorption, while not as robust as quarters past, was in the positive thanks to major tenant move ins from Zaxby’s (51,493 SF) and TSA (44,000 SF) in the Central Perimeter and South Atlanta submarkets. Increasing interest rates and macroeconomic concerns placed…
LEE IN THE NEWS: JP MORGAN EXPANDS IN BUCKHEAD
JPMorgan Chase & Co. inked a lease to expand by 40k SF at Monach Tower, a 26-story office building at 3424 Peachtree Road in Buckhead owned by Highwoods Properties, sources familiar with the transaction tell Bisnow. Click the button below to read more!
LEE IN THE NEWS: ON THE HEELS OF A BANNER YEAR, LEE & ASSOCIATES – ATLANTA PROMOTES MURRAY GRAY, JOSEPH MULLICAN, AND CONNOR WINKLER TO EXECUTIVE VP | PRINCIPAL (PARTNER)
February 7, 2023 (Atlanta, Georgia) – Lee & Associates – Atlanta is pleased to announce that Murray Gray, Joseph Mullican and Connor Winkler have all accepted invitations to become Partners of the firm and have therefore been promoted to Executive VP | Principal. Founding Partner, T. Richard Bryant, notes, “To be invited into the partnership, one must meet production requirements as well as leadership requirements. Since joining the firm, in addition to meeting those…
LEE IN THE NEWS: Major development pitched for 16,500 acres in growing area of Georgia
A mixed-use district could form on thousands of acres of land in an area of northwest Georgia poised for rapid job growth. The Aubrey Corp. envisions 16,500 acres between U.S. 411 and Ga. 20 in Bartow County becoming a residential, commercial and industrial hub with greenspace, according to a Developments of Regional Impact filing. The DRI program allows state planning officials to give feedback on proposals large enough to stress local infrastructure in a community….