Q3 2023 SAVANNAH INDUSTRIAL MARKET REPORT
While Savannah’s vacancy rate trended upward from record lows due to new industrial supply hitting the market this year, tenant demand rose with 2.4 million SF of deals signed in Q3, more than double the square footage leased last quarter. Net absorption increased to 3.3 million SF, bringing year-to-date 2023 net absorption to 9.6 million SF. With ongoing demand and continued growth at the Georgia Ports, Savannah sees no slowdown for additional development in the…
Q3 2023 Atlanta Office Market Report
The addition of uncommitted office inventory and persistent economic uncertainty resulted in a somewhat distressed third quarter for Atlanta. However, while vacancy and sublease available inventory have continued to trend upward in recent quarters, leasing activity in the third quarter was at a year-to-date high of 2.1 million SF leased, with suburban submarket Northwest leading the way in tenant demand. Average lease sizes are shrinking as corporations reevaluate footprints and are often committing to less…
Q3 2023 Atlanta Industrial Market Report
As expected, Atlanta’s industrial market saw an uptick in vacancy in the third quarter as a record amount of inventory delivered. Still, a healthy market, overall net absorption was back in the positive and surged in Q3 to 3.3 million SF. Overall leasing activity has dwindled quarter-over-quarter from record highs. However, sublease availability has begun to cool, rising only 8.9% since last quarter after rising 37% in the first half of the year. Industrial construction…
2023 | Best Places to Work
We are extremely proud to have been named one of the “Best Places to Work” by the Atlanta Business Chronicle! Our company strongly values culture, and we believe that in order to have excellent culture, you must have excellent people. We truly have the best people, and they have created a genuine, supportive, and fun culture. At Lee & Associates, we work hard to play hard, and this award demonstrates our ability to balance the…
LEE IN THE NEWS: Craig Viergever, SIOR & Tyler Flemming
This Week’s Atlanta Deal Sheet: Storage Startup Taking Space At Westside Provisions – spotlights Tyler Flemming and Craig Viergever, SIOR. Electrical engineering firm EAE USA leased 102K SF of warehouse space with Blackstone subsidiary Link Logistics in Tucker. The firm signed a seven-year lease for the entire building at 2000 Mountain Industrial Blvd. Lee & Associates Executive Vice Presidents Craig Viergever and Tyler Flemming brokered the deal for the landlord, Link Logistics. Transwestern Real Estate…