Sublease Availability Hits Another New Peak: Sublease space climbed to 12.9 MSF in June 2025, up from 11.8 MSF in May, setting a new high for the current cycle. The continued rise is being driven by large space additions, including ASOS’s 1.04 MSF in South Atlanta. Overall Availability Surpasses 100 MSF: Total available space rose to 101.0 MSF in June, up from 99.4 MSF in May. The 1.6 MSF increase reflects sustained occupier caution,…
Industrial Availability Metrics | June 2025
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…
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…
LEE IN THE NEWS: Second Deal of 1,119 Acres for Aubrey Corporation Closes, Advancing Vision for Legacy, Environmental Stewardship & Growth in Bartow County
(ATLANTA) – Lee & Associates is pleased to announce the second major transaction on behalf of The Aubrey Corporation—the sale of 1,119 acres to Georgia Stone— marking continued progress toward the company’s three-part goal: preserving the Aubrey family’s legacy, prioritizing environmental stewardship, and stimulating long-term economic growth in Bartow County, Georgia. This milestone follows the previously announced joint venture with Hines, involving the co-development of 2,390 acres into Aubrey Village—a forward-thinking mixed-use project that combines…
Availability & Sublease Tracker | April 2025
Atlanta Market | ENDS Q1 WITH A DECREASE IN SUBLEASE AVAILABILITY Development Activity: As expected, development activity is gaining momentum, with developers breaking ground on six new projects in Q1, five of which are speculative with no current preleasing activity. The market ended the month at 7.1 million square feet under construction, still a low figure compared with historical numbers. Industrial Overall Availability: Industrial availability showed a slight month-over-month increase. Notably, leasing activity, while…
LEE IN THE NEWS: Lee & Associates Represents Mashburn Delivery in 52,200 SF Lease in Aurora, CO
ATLANTA, GA (April 8, 2025) – Lee & Associates – Atlanta is pleased to announce the successful lease of 52,200 square feet at 14209 East 35th Place in Aurora, Colorado, on behalf of Mashburn Delivery. The lease represents half of the 104,400-square-foot industrial building, totaling $2,094,242 in transaction volume. Tyler Flemming of Lee & Associates – Atlanta represented the tenant, with help from Kirk Vanino of Lee & Associates – Denver, whose local market insight…
LEE IN THE NEWS: Lee & Associates Represents Peco Fasteners in 88,300 SF Lease at 9850 Commerce Way
ATLANTA, GA (April 1, 2025) – Lee & Associates – Atlanta is pleased to announce the successful lease transaction of 88,300 square feet at 9850 Commerce Way in Douglasville, GA, on behalf of Peco Fasteners. The lease was secured with EastGroup Properties with a total transaction volume of $10,702,789. Joseph Mullican, SIOR, and Lee Steed of Lee & Associates – Atlanta represented the tenant in the deal. Peco Fasteners, a leading distributor in the industrial…