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January 2025 | Market Brief
Atlanta’s medical office market is thriving, carving out a unique position in the city’s commercial real estate landscape. Vacancy rates have plummeted to a decade-low of 8.3% as of Q4 2024, underscoring the sector’s resilience in an otherwise challenging market. This surge in demand is largely attributed to Atlanta’s booming population and the aging baby boomer demographic, both of which are driving the need for accessible, high-quality healthcare facilities. The growing importance of strategically located…
Availability & Sublease Tracker | January 2024
Industrial Availability Declines in December 2024: After an increase in November from several new groundbreakings of speculative product, industrial availability in Atlanta declined in December, driven by strong leasing activity. Sublease Availability Shows Year-Over-Year Decline: Positive tenant demand led to a 19.5% decline in sublease availability year-over-year, despite a small month-over-month increase. Under-Construction Pipeline at Low Levels, Future Spec Projects Expected: The under-construction pipeline for industrial properties stood at 5,198,515 square feet at the…
Lee & Associates – Atlanta 2025 Industrial Forecast
The annual Lee & Associates Atlanta Industrial Real Estate Forecast is a forward-looking analysis of changing market conditions in 2025. Atlanta’s industrial fundamentals remain among the strongest in the nation and activity is expected to gain more momentum as the economic conditions improve. The following pages outline recent performance, the economic drivers impacting industrial buildings, and our outlook on activity in 2025. We hope this forecast prepares you for changing conditions ahead and inspires your…
Availability & Sublease Tracker | December 2024
In December 2024, total market-wide availability increased, fueled by ten new industrial groundbreakings that added 2.1 million square feet (sf) of new space availbility. Despite this, Atlanta’s industrial pipeline remains at historically low levels. Sublease availability has remained stable, with minimal increase month over month, accounting for only 1% of total inventory. A wave of speculative supply is expected to deliver in first half of 2025, followed by a decline in new deliveries and…
LEE IN THE NEWS: Lee Atlanta’s Teams Secures Earnest Machine Products A 103,776 SF Lease Expansion in the I-20 West Submarket
Mike Sutter, SIOR, and Rick Tumlin, CCIM, SIOR, of Lee & Associates – Atlanta, have successfully facilitated a 103,776 SF lease for Earnest Machine Products at 7815 Third Flags Parkway. The deal marks a significant expansion for Earnest Machine, a leading supplier of industrial fasteners, as they take space in the sought-after I-20 West submarket of Atlanta. The building, owned by LINK Logistics, offers prime industrial space with excellent access to major transportation routes,…
LEE IN THE NEWS: Image Manufacturing Group Renews 52,437 SF Lease at 5405 Buford Hwy, Norcross, GA
Lee & Associates – Atlanta is proud to announce the successful long-term lease renewal of 5405 Buford Hwy, Suites 250-290, Norcross, GA. The 52,437 square-foot space will continue to serve as the primary production and distribution facility for Image Manufacturing Group, an established high-end commercial and retail signage manufacturer. Matthew Reynolds and Trip Ackerman, SIOR, of Lee & Associates – Atlanta represented Image Manufacturing Group in securing this renewal, ensuring the tenant’s continued presence…