Mid-Year 2024 | Atlanta Industrial Pipeline
Atlanta’s development activity has been slowing, as evidenced by the steep groundbreaking drop during the first half of 2024. The metro area is experiencing the tail end of a significant supply wave, with millions of square feet delivered this year already. Vacancy remains healthy despite speculative, vacant products, under 8% in the core metro markets. The current pipeline is expected to be completed in the next 9-12 months, leaving a void in anticipated deliveries beyond…
Q2 2024 Atlanta Market Reports
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Availability & Sublease Tracker | July 2024
Sublease availability decreased by 294,060 square feet for June 2024. Only 12 new subleases were added to the market in June with only one exceeding 100,000 square feet. Total available space includes under construction, sublease space, vacant space and occupied space that is being marketed as “available. Total availability increased by 3.5 MSF over last month. The 3.5 MSF increase was driven primarily by six new, large second-generation availabilities totaling about 2 MSF in the…
Availability & Sublease Tracker | June 2024
In May, sublease availability increased by 760,757 SF over the previous month. Seven new sublease availabilities, each over 100,000 SF+, contributed to the largest increase in sublease availability year to date. The largest new sublease posted in May was Kuehne & Nagel’s 474,425 SF at 2160 Anvil Block Rd in South Atlanta. Even with the increase in Sublease SF, the total availability (vacant + under construction + sublease) fell, which Lee & Associates forecasted at…
LEE IN THE NEWS: Lee Atlanta Announces Strong 2023 and Triumphant Start to 2024
May 13, 2024 (Atlanta, Georgia) – Lee & Associates – Atlanta proudly announces a strong 2023 and a triumphant start to 2024. With a transaction volume of more than $1.42 billion spanning over 12 million square feet, 2023 was one of the firm’s best years yet. Thus far, 2024 has been marked by numerous accolades, strategic promotions, and dynamic team expansions in the Atlanta office. Awards & Recognitions Lee & Associates – Atlanta has further…