The Atlanta Office Market had a surprisingly strong quarter, despite all the obstacles. Overall Net Absorption ended the quarter with 133,517 SF. Most of the strength was in the Class A market, which had over 373,073 SF of absorption for the quarter. Rental rates continue to rise to $28.23 up from $27.80 in the previous quarter, which are up 5.14% from a year ago. Atlanta’s tenant strength has remained in the technology and FIRE sectors…
Fulton Industrial Market Newsletter Q2 2020
Our very own Connor Winkler’s !-20 W / Fulton Industrial Market Newsletter has arrived! Take a look at the full newsletter to get more insight into this budding Atlanta submarket. – Despite apparent business disruptions due to COVID-19 workplace restrictions, the industrial real estate sector has remained resilient and in rampant demand as distribution and manufacturing facility leasing activity continues to surge in Atlanta. The shift from the traditional bricks and mortar retail to online…
Lee & Associates – Atlanta Brings 259,262 SF Industrial Building to 100% Occupancy with Simultaneous Leases in the Atlanta Airport Submarket
Lee & Associates’ Atlanta office is proud to announce the closing of two simultaneous leases bringing the 259,262 square foot industrial building at 4099 Old Dixie Hwy. to 100% occupancy. Acquired as a value-add last mile facility by Meniscus Group in late 2016, the Lee & Associates team of Mike Sutter, SIOR and Billy Snowden, SIOR represented ownership on the acquisition and subsequent repositioning of the asset. The team advised ownership on approaches to maximizing…
In the News: Lee Atlanta Returns to the Office
With the uncertainty regarding how long COVID-19 will impact business, it remains unclear when many companies will return to in-person work. We at Lee & Associates Atlanta are excited to announce that we are planning to return to the office this Monday, May 15th, 2020. So as to keep our office safe, many new safety precautions have been put in place: plexiglass has been installed at the reception desk and cubicles, there is a mandatory…
Spring 2020 Savannah Industrial Market Report
While fundamentals are still healthy, vacancies ticked higher as well as a significant decrease in net absorption in the first quarter of 2020 in the Savannah Industrial market. Demand for space in the market is poised strong, however. The market absorbed roughly 7.4 million SF of space in 2019, and on a year-over-year basis, the Savannah market is in the top ten nationally for net absorption. Though Savannah has seen accelerated leasing momentum in the…
Metro Atlanta Build to Suit Development
Closing out another year of Industrial Development! Currently there are 11 build-to-suits under construction in the Metro Atlanta area, totaling 7.5 million square feet! Do you recognize the logos below? The submarket of South Atlanta currently holds the most build-to-suit activity. The information and details contained herein have been obtained from third-party sources believed to be reliable; however, Lee & Associates Atlanta has not independently verified its accuracy. Lee & Associates Atlanta makes no representations,…
Q3 2019 Atlanta Office Development Pipeline
Click HERE to read our Q3 2019 Atlanta Office Development Pipeline.
Midtown Development Update Fall 2019
Fortune 500 companies, global law firms, and coworking giants are all calling Midtown Atlanta home, special thanks to Midtown’s booming office development market. Using CoStar Group analytics, Midtown had not seen any new office development activity pre Q1 2018. At the beginning of Q1 2019, Midtown had an explosive 1,487,652 SF under construction. Today, there is 3,566,262 SF under construction. That is a 139% increase! While activity in Midtown remains strong, time will tell if…
Lee Atlanta Gives Back!
Lee Atlanta gives back! It is truly an honor to be associated with this group, Feeding the Homeless Project. Great organization doing meaningful work in our community!