Industrial Availability Metrics | September 2025
Sublease availability continued its upward climb to 14.7 million SF in August, setting a new cycle high. Total availability increased to 104.1 million SF, though the pace of increase has slowed from earlier this year. Large block availability (>250,000 SF) recorded a month-over-month decrease, a positive sign that some of the larger blocks of vacant space are getting absorbed even as overall availability continues to edge upward. Leasing momentum is showing signs of life,…
August 2025 | Market Brief
EXECUTIVE SUMMARY At the start of 2025, Lee & Associates made several key predictions about the Atlanta industrial market. With mid-year behind us, we are checking in—benchmarking where predictions prevailed, where the market surprised us, and what’s shaping the outlook for the remainder of the year. Despite headwinds, leasing has remained resilient, supply growth has eased, and tenants are staying put. However, vacancy is gradually rising as tenants adapt to a new market cycle. YEAR-END…
LEE IN THE NEWS: Smaller Tenants Leading the Charge in Atlanta Industrial
Bisnow highlights a key shift in Atlanta’s industrial market, where smaller tenants—particularly those under 100K SF—are driving leasing activity amid slower large-scale demand. The article explores how airport access, flexible space, and speed to occupancy are shaping the current landscape. Our very own Elizabeth Kennedy weighs in on the growing demand for smaller footprints and the strategic value of airport-adjacent sites.
Atlanta Office Market Check-In | Q2 2025 Reflection
What’s Happening? Atlanta’s office market is stabilizing as new development slows and leasing activity shows signs of improvement. Vacancy held steady at 24.9% in Q2, supported by a shrinking construction pipeline and limited new supply. Asking rents rose to $30.22/SF amid steady demand for high-quality, amenity-rich space. With office conversions outpacing new builds and corporate confidence growing, Atlanta remains well-positioned to meet evolving tenant needs.
Mid-Year 2025 | Atlanta Industrial Pipeline
Vacancy in Atlanta’s industrial market climbed to 9.5% in Q2, marking a shift driven by large tenant move-outs, delayed occupancies, and rising sublease availability. Despite negative net absorption for the first time in two years, strong renewal activity—particularly among tenants from the 2020 leasing cycle—reflects continued long-term confidence. New construction has slowed significantly, with just 4M SF delivered so far in 2025 and 5.5M SF still underway. This disciplined approach to development, combined with steady…
Atlanta Industrial Market Check-In | Q2 2025 Reflection
What’s Happening? Atlanta’s industrial market saw vacancy rise to 9.5% in Q2, driven by major tenant move-outs, delayed move-ins, and a continued increase in sublease availability. The move-outs pushed net absorption into negative territory for the first time in two years. Despite this, leasing activity remained solid—particularly among renewals—as many tenants who signed in 2020 opted to stay, demonstrating confidence in the market. The renewal trend, combined with limited new supply, is expected to…