Sublease Availability Hits New Peak: Sublease space rose to 11.8 MSF in May 2025, up from 10.8 MSF in April, marking the highest level of the current cycle. While elevated, sublease availability remains within the 1.0%–1.3% forecasted range of total inventory. Overall Availability Approaches 100 MSF: Total available space increased by 2.3 MSF month-over-month to 99.4 MSF, driven by continued caution among occupiers and a pause in large-block leasing activity. Leasing Slows, But No…
May 2025 | Market Brief
Sublease space is on the rise again in Atlanta’s industrial market. For those watching closely, it’s a familiar cycle—economic uncertainty creeps in, tenants go pencils down, and space quietly returns to the market. In April 2025, available industrial sublease space climbed to 10.8 million square feet, up from a low of 8.9 million in October. It’s a return to a pattern that anyone who’s followed this market long enough will recognize. The data doesn’t suggest…
LEE IN THE NEWS: Atlanta Property Group Expands Southeastern Industrial Portfolio with 173,000 SF Acquisition in Greenville, SC
ATLANTA, GA – Atlanta Property Group (APG) has acquired a 173,000-square-foot industrial facility in Greenville, South Carolina, marking a strategic expansion of the firm’s industrial portfolio into the Southeast. This acquisition is part of APG’s broader growth strategy to increase its presence in key logistics markets across the region. Joseph Mullican, SIOR, of Lee & Associates – Atlanta, and Randall Bentley, SIOR, CCIM, of Lee & Associates – Greenville/Spartanburg, represented APG in the transaction. “This…
Industrial Availability Metrics | May 2025
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…
LEE IN THE NEWS: Lee & Associates – Atlanta Facilitates Sale of 28-Acre Industrial Site in Gainesville, GA to Terminal Logistics
(ATLANTA) – Center Capital, through its wholly-owned Industrial Outdoor Storage (IOS) platform called Terminal Logistics, has acquired a ±28-acre site in Gainesville, Georgia that is currently available for lease. The site is strategically positioned near the Blue Ridge Connector Inland Port, a major infrastructure project providing a direct link from the Port of Savannah to northern Georgia, that is currently under construction and expected to open early 2026. The port is anticipated to significantly enhance…
April 2025 | Market Brief
Lower rates of job growth tested large U.S. markets in 2024, even in the big Sunbelt markets where rates of growth sank by 50% or more. Metro Atlanta added 44,000 jobs last year (1.4% growth), a moderate gain but well below its trailing 10-year trend. Despite the slowing rate of job additions, office market conditions are holding steady, and while it’s too early to declare a recovery, signs of a resurgence are on the horizon….