News

  Development Activity: Developers broke ground on new speculative projects totaling approximately 1 million SF through February, contributing  a substantial sum to Atlanta’s overall space availability. Industrial Overall Availability: Increases in both direct and sublease space contributed to total industrial availability rising from 93 MSF in January to 95.8 MSF by the end of February. Sublease Availability: Sublease availability continued its upward trend for the fourth consecutive month, reaching 10.3 million SF in February. While…

  Industrial Overall Availability: Total available industrial space inched up to 93.03 million SF in January 2025, from 91.37 million SF in December 2024. Sublease Availability: Sublease availability rose slightly to 9.86 million SF in January 2025, largely due to a new 356,000 SF sublease at 300 Horizon Drive in Northeast Atlanta. Development Activity: There was little change in development activity from last month, but groundbreakings are expected to increase as strong leasing activity continues.

(ATLANTA) – Hines, the global real estate investment manager, has announced a partnership with the Aubrey Corporation, to create a new employment center and mixed-use village consisting of over 2,390 acres, in Bartow County, Georgia. Once complete, the mixed-use development will include up to ten million square feet of new manufacturing, data center, and logistics facilities as well as shops, restaurants, hotels, and a diverse offering of residential properties. A network of trails, parks, and…

As 2024 draws to a close, Lee & Associates – Atlanta is taking a moment to reflect on a year of growth, achievement, and preparation for the exciting opportunities ahead. This year has been marked by significant milestones, including the promotions of talented brokers, the expansion of our team with new professionals and our office expansion. A Year of Achievement and Growth In 2024, Lee & Associates – Atlanta made impressive strides in building and…

  Industrial Availability Declines in December 2024: After an increase in November from several new groundbreakings of speculative product, industrial availability in Atlanta declined in December, driven by strong leasing activity. Sublease Availability Shows Year-Over-Year Decline: Positive tenant demand led to a 19.5% decline in sublease availability year-over-year, despite a small month-over-month increase. Under-Construction Pipeline at Low Levels, Future Spec Projects Expected: The under-construction pipeline for industrial properties stood at 5,198,515 square feet at the…

The annual Lee & Associates Atlanta Industrial Real Estate Forecast is a forward-looking analysis of changing market conditions in 2025. Atlanta’s industrial fundamentals remain among the strongest in the nation and activity is expected to gain more momentum as the economic conditions improve. The following pages outline recent performance, the economic drivers impacting industrial buildings, and our outlook on activity in 2025. We hope this forecast prepares you for changing conditions ahead and inspires your…

  In December 2024, total market-wide availability increased, fueled by ten new industrial groundbreakings that added 2.1 million square feet (sf) of new space availbility. Despite this, Atlanta’s industrial pipeline remains at historically low levels. Sublease availability has remained stable, with minimal increase month over month, accounting for only 1% of total inventory. A wave of speculative supply is expected to deliver in first half of 2025, followed by a decline in new deliveries and…

  Mike Sutter, SIOR, and Rick Tumlin, CCIM, SIOR, of Lee & Associates – Atlanta, have successfully facilitated a 103,776 SF lease for Earnest Machine Products at 7815 Third Flags Parkway. The deal marks a significant expansion for Earnest Machine, a leading supplier of industrial fasteners, as they take space in the sought-after I-20 West submarket of Atlanta. The building, owned by LINK Logistics, offers prime industrial space with excellent access to major transportation routes,…

  Lee & Associates – Atlanta is proud to announce the successful long-term lease renewal of 5405 Buford Hwy, Suites 250-290, Norcross, GA. The 52,437 square-foot space will continue to serve as the primary production and distribution facility for Image Manufacturing Group, an established high-end commercial and retail signage manufacturer. Matthew Reynolds and Trip Ackerman, SIOR, of Lee & Associates – Atlanta represented Image Manufacturing Group in securing this renewal, ensuring the tenant’s continued presence…