Sublease space is on the rise again in Atlanta’s industrial market. For those watching closely, it’s a familiar cycle—economic uncertainty creeps in, tenants go pencils down, and space quietly returns to the market. In April 2025, available industrial sublease space climbed to 10.8 million square feet, up from a low of 8.9 million in October. It’s a return to a pattern that anyone who’s followed this market long enough will recognize. The data doesn’t suggest…
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…
April 2025 | Market Brief
Lower rates of job growth tested large U.S. markets in 2024, even in the big Sunbelt markets where rates of growth sank by 50% or more. Metro Atlanta added 44,000 jobs last year (1.4% growth), a moderate gain but well below its trailing 10-year trend. Despite the slowing rate of job additions, office market conditions are holding steady, and while it’s too early to declare a recovery, signs of a resurgence are on the horizon….
Q1 2025 Atlanta Market Reports
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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…
Availability & Sublease Tracker | March 2025
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…
Year-End 2024 | Atlanta Industrial Pipeline
With the close of 2024, Atlanta’s industrial development pipeline has reached historic lows, signaling a significant market shift heading into 2025. While vacancy rates have increased to 8.8%, largely due to the delivery of vacant big-box product, leasing activity in the bulk space sector picked up toward the end of the year. This area, which has been the primary driver of the rising vacancy rate, is expected to see further improvement as tenants take occupancy…