Not exactly. The statistics paint a bleak picture — Atlanta’s office market vacancy recently peaked at 24.7% and occupancy losses were recorded for the eighteenth straight month. But despite poor stats and negative headlines, office buildings remain key places for companies to drive innovation, build company culture and leverage teamwork to achieve common goals. This is leading to more companies returning to the office (RTO) to drive results, meanwhile revealing early signs of office market…
LEE IN THE NEWS: Brett Chambless, SIOR at Lee & Associates Secures 172,000 SF Lease for Samaritan’s Purse in Acworth, GA
Lee & Associates – Atlanta’s Brett Chambless, SIOR successfully represented Samaritan’s Purse in securing a new 172,000 SF warehouse lease at 1347 Highway 92 in Acworth, Georgia. “Samaritan’s Purse is a nondenominational evangelical Christian organization providing spiritual and physical aid to hurting people around the world” (Samaritan’s Purse). The new facility will serve as a processing center for Operation Christmas Child. This mission was started in 1993 and entails sending millions of gift-filled shoeboxes to…
LEE IN THE NEWS: Jim Ramseur of Lee & Associates – Atlanta Helps Neel Family Advance Quarry Plans at Former Wildlife Area Site
Jim Ramseur of Lee & Associates – Atlanta provides expert guidance to the Neel family in the strategic decision-making process regarding their more than 19,500 acres of land across Bartow and Cherokee counties. With his deep knowledge of the Metro Atlanta Commercial Real Estate market, Jim is helping the family evaluate the best uses for their property, including potential development, conservation, and investment opportunities. From the Atlanta Journal-Constitution: Plans to establish a granite quarry within…
LEE IN THE NEWS: IDI Logistics Leases 259,708 SF at Northwest 75 Logistics Center in White, GA
We are thrilled to announce that IDI Logistics successfully leased 259,708 square feet at the Northwest 75 Logistics Center, a state-of-the-art facility in White, Georgia. Congratulations to Billy Snowden, SIOR from Lee & Associates – Atlanta and Brad Pope, SIOR, from JLL for their successful collaboration in securing this deal! There is an additional 51,952 square feet of premium, move-in ready space still available at the Northwest 75 Logistics Center. For more information on…
Availability & Sublease Tracker | November 2024
Market-wide sublease availability has declined for the fifth consecutive month, reaching 8.99 million square feet (MSF) in October 2024—the lowest level since August 2023. Sublease availability in buildings of 250,000 square feet or more has experienced the most significant decline, dropping 30.2% year-over-year. Overall availability (all building sizes) has seen a minimal month-over-month increase, primarily driven by a few small new construction groundbreakings. A substantial wave of speculative supply is expected to deliver over…
Lee Atlanta’s Supports With For The Hope Partnership
At Lee & Associates – Atlanta, we are proud to volunteer annually with For The Hope Partnership, contributing to their vital mission of feeding the Atlanta community. This year, our team participated on October 26, 2024, and we are excited to join in again this December. We are committed to making a difference and aim to support this important charity more than once yearly. Together, we can help nourish our community and make a lasting…
October 2024 | Market Brief
Industrial development activity reached its peak in early 2022, with more than 46 million square feet being constructed at the time. Today, less than 10 million square feet is currently underway, marking a construction peak-to-trough timeline of roughly 2.5 years. The about-face and rapid deceleration is remarkable on its own, but it’s paired with another recent trend – an increase in leasing activity. While increasing from a smaller base than at earlier periods this cycle,…