Atlanta’s industrial market has seen extraordinary rent growth over the last decade, and recent data from Lee & Associates Atlanta Research provides critical context for today’s environment of rising vacancy. Across every building size category, cumulative rent growth over the last five years exceeds 70%. This pace of rent escalation is historic. For landlords, it has delivered record-setting lease rates, but for occupiers it has pushed rents far above historical norms. As highlighted in our…
Industrial Availability Metrics | September 2025
Sublease availability continued its upward climb to 14.7 million SF in August, setting a new cycle high. Total availability increased to 104.1 million SF, though the pace of increase has slowed from earlier this year. Large block availability (>250,000 SF) recorded a month-over-month decrease, a positive sign that some of the larger blocks of vacant space are getting absorbed even as overall availability continues to edge upward. Leasing momentum is showing signs of life,…
August 2025 | Market Brief
EXECUTIVE SUMMARY At the start of 2025, Lee & Associates made several key predictions about the Atlanta industrial market. With mid-year behind us, we are checking in—benchmarking where predictions prevailed, where the market surprised us, and what’s shaping the outlook for the remainder of the year. Despite headwinds, leasing has remained resilient, supply growth has eased, and tenants are staying put. However, vacancy is gradually rising as tenants adapt to a new market cycle. YEAR-END…
LEE IN THE NEWS: Smaller Tenants Leading the Charge in Atlanta Industrial
Bisnow highlights a key shift in Atlanta’s industrial market, where smaller tenants—particularly those under 100K SF—are driving leasing activity amid slower large-scale demand. The article explores how airport access, flexible space, and speed to occupancy are shaping the current landscape. Our very own Elizabeth Kennedy weighs in on the growing demand for smaller footprints and the strategic value of airport-adjacent sites.
Atlanta Office Market Check-In | Q2 2025 Reflection
What’s Happening? Atlanta’s office market is stabilizing as new development slows and leasing activity shows signs of improvement. Vacancy held steady at 24.9% in Q2, supported by a shrinking construction pipeline and limited new supply. Asking rents rose to $30.22/SF amid steady demand for high-quality, amenity-rich space. With office conversions outpacing new builds and corporate confidence growing, Atlanta remains well-positioned to meet evolving tenant needs.
Mid-Year 2025 | Atlanta Industrial Pipeline
Vacancy in Atlanta’s industrial market climbed to 9.5% in Q2, marking a shift driven by large tenant move-outs, delayed occupancies, and rising sublease availability. Despite negative net absorption for the first time in two years, strong renewal activity—particularly among tenants from the 2020 leasing cycle—reflects continued long-term confidence. New construction has slowed significantly, with just 4M SF delivered so far in 2025 and 5.5M SF still underway. This disciplined approach to development, combined with steady…