Mid-Year 2024 | Atlanta Industrial Pipeline
Atlanta’s development activity has been slowing, as evidenced by the steep groundbreaking drop during the first half of 2024. The metro area is experiencing the tail end of a significant supply wave, with millions of square feet delivered this year already. Vacancy remains healthy despite speculative, vacant products, under 8% in the core metro markets. The current pipeline is expected to be completed in the next 9-12 months, leaving a void in anticipated deliveries beyond…
Q2 2024 Atlanta Market Reports
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Availability & Sublease Tracker | July 2024
Sublease availability decreased by 294,060 square feet for June 2024. Only 12 new subleases were added to the market in June with only one exceeding 100,000 square feet. Total available space includes under construction, sublease space, vacant space and occupied space that is being marketed as “available. Total availability increased by 3.5 MSF over last month. The 3.5 MSF increase was driven primarily by six new, large second-generation availabilities totaling about 2 MSF in the…
Availability & Sublease Tracker | June 2024
In May, sublease availability increased by 760,757 SF over the previous month. Seven new sublease availabilities, each over 100,000 SF+, contributed to the largest increase in sublease availability year to date. The largest new sublease posted in May was Kuehne & Nagel’s 474,425 SF at 2160 Anvil Block Rd in South Atlanta. Even with the increase in Sublease SF, the total availability (vacant + under construction + sublease) fell, which Lee & Associates forecasted at…
Availability & Sublease Tracker | May 2024
Available sublease space experienced a slight uptick in April, increasing by 143,000+ SF. This marked the first increase in five months, albeit nominal. The April increase was primarily driven by BrandsMart USA listing their 451,200 SF building at 3100 Southpark Blvd in South Atlanta for sublease. All other newly added sublet availabilities for the month were below 100,000 SF, with an average of 54,760 SF per availability. This marks a 53% decrease from April 2023,…
Q1 2024 Market Reports
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Introducing Lee & Associates – Atlanta’s Junior Associate Program
We are excited to announce an important update at Lee & Associates—Atlanta: our Research Associate Program has been renamed the Junior Associate Program. This new title better reflects the comprehensive nature of the training and the goals of the program. The Junior Associate Program is a ±12-month immersion into the world of commercial real estate. Participants gain hands-on experience in various facets of the industry, from conducting market studies and reviewing contracts to engaging in…