Industrial

  → Atlanta just closed its strongest industrial leasing quarter on record, surpassing even the COVID-era boom, at +19 MSF inked in a single quarter. Total available space declined 3.3% month over month, falling by 3.6 million SF. The quarter was driven primarily by new leasing rather than renewals, making the decline even more significant. → Sublease availability fell another 450,000 SF to 10.9 million SF. The biggest pullback came from 500,000+ SF blocks, where…

  → Metro Atlanta’s total available industrial space increased by approximately 3.6% in August. With sublease availability essentially unchanged at 11.4 million SF, the increase was driven by new direct space delivering in the market, primarily in South Atlanta. → South Atlanta recorded the largest increase, with available space growing by approximately 2.3 million SF. Smaller increases occurred in Northwest Atlanta, Northeast Atlanta and North Central, while I-20 West availability declined modestly. → Larger blocks…

ALPHARETTA, GA – Lee & Associates – Atlanta has completed the renewal of a 106,240-square-foot lease at 6175 Shiloh Road in Alpharetta, Georgia. Craig Viergever, SIOR, Tyler Flemming, and Chance Taylor represented the landlord in the transaction, helping retain a significant tenant footprint and preserve occupancy within the property. The renewal provides continued stability for ownership while allowing the tenant to remain in an established location. Transactions of this scale demonstrate the importance of proactive…

WINDER, GA – Lee & Associates – Atlanta has represented the buyer in the acquisition of a 76.4-acre land parcel located off Highway 211 in Winder, Georgia. Matthew Reynolds, SIOR, and Trip Ackerman, SIOR, of Lee & Associates worked on behalf of the buyer throughout the transaction, securing a substantial tract that provides flexibility for the purchaser’s future plans. Large land acquisitions require careful evaluation of location, scale, and long-term potential. This transaction gives the…

MORROW, GA – A 209,780-square-foot lease renewal will keep the tenant in place at Southern Road Logistics Center, located at 1040 Southern Road in Morrow, Georgia. The transaction covers the property’s full industrial warehouse. Mike Sutter, SIOR, and Rick Tumlin, CCIM, SIOR, of Lee & Associates – Atlanta represented the tenant through the renewal, drawing on their experience in the South Atlanta industrial market to support the client’s occupancy strategy. Remaining in an established facility…

POOLER, GA – Lee & Associates – Atlanta has represented the tenant in a new 123,750-square-foot industrial lease at Building 11 within Pooler Distribution Complex, located at 5250 Old Louisville Road in Pooler, Georgia. Working on behalf of the tenant, Jon Christensen secured space within the Class A industrial warehouse, providing the company with a substantial footprint in the greater Savannah market. The area’s connection to the Port of Savannah and surrounding transportation infrastructure supports…

Atlanta industrial asking rents may be stabilizing, but the total cost of occupancy continues to rise. Since 2020, average operating expenses have increased 140%, making expenses like insurance, property taxes, utilities, and maintenance an increasingly important part of the leasing equation. Read our latest Market Brief to explore why looking beyond asking rent is becoming more important for both occupiers and owners across Atlanta’s industrial market.