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We’re excited to share that Lee & Associates has been ranked #7 in the Atlanta Business Chronicle’s 2024 Book of Lists for Largest Commercial Real Estate Firms in Atlanta Business Chronicle—our highest placement yet! This achievement reflects the incredible work of our team and the continued trust of our clients. Here’s to reaching new milestones and pushing even further in 2025!

  Development Activity: Developers broke ground on new speculative projects totaling approximately 1 million SF through February, contributing  a substantial sum to Atlanta’s overall space availability. Industrial Overall Availability: Increases in both direct and sublease space contributed to total industrial availability rising from 93 MSF in January to 95.8 MSF by the end of February. Sublease Availability: Sublease availability continued its upward trend for the fourth consecutive month, reaching 10.3 million SF in February. While…

With the close of 2024, Atlanta’s industrial development pipeline has reached historic lows, signaling a significant market shift heading into 2025. While vacancy rates have increased to 8.8%, largely due to the delivery of vacant big-box product, leasing activity in the bulk space sector picked up toward the end of the year. This area, which has been the primary driver of the rising vacancy rate, is expected to see further improvement as tenants take occupancy…

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  Industrial Overall Availability: Total available industrial space inched up to 93.03 million SF in January 2025, from 91.37 million SF in December 2024. Sublease Availability: Sublease availability rose slightly to 9.86 million SF in January 2025, largely due to a new 356,000 SF sublease at 300 Horizon Drive in Northeast Atlanta. Development Activity: There was little change in development activity from last month, but groundbreakings are expected to increase as strong leasing activity continues.