Research

An onslaught of new development activity has led to vacancy levels in Atlanta not seen in nearly a decade – but Lee & Associates predicts the trend will reverse course during the second half of 2025. The primary driver is a lack of new supply in the development pipeline. New construction levels fell by nearly 70% year-over-year, from 36 MSF to 11 MSF, and the number of proposed projects, and those breaking ground, is near…

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Atlanta’s industrial real estate market had its second straight monthly decline in sublease availability, with a reduction of 441,751 square feet in July 2024.   One of the main drivers was eFulfill’s takedown of 468,827 square foot space in I-20 West. The overall market availability (comprised of under construction, sublease space, vacant space, and occupied space marketed as “available”) has also decreased, thanks to robust leasing activity this quarter. We are likely to see diverse market…

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…

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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…

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…