October 4, 2024 (Atlanta, Georgia) – Joseph Mullican, Craig Viergever & Tyler Flemming of Lee & Associates negotiated the sale of 1500 Progress Industrial Blvd. in Lawrenceville. The 163,170 SF newly constructed shell building was developed by Taylor & Mathis. The purchaser, a private company, will use the building for their expanded distribution operations after constructing ±3,000 SF of office area and upfitting the building with dock equipment and racking. Read More on Metro Atlanta…
LEE IN THE NEWS: Lee Atlanta’s Team Negotiates Sale of Newly Constructed 163,170 SF Distribution Facility in Lawrenceville
Q3 2024 Atlanta Market Reports
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Availability & Sublease Tracker | October 2024
The dwindling construction pipeline is starting to reduce the availability of new industrial space Overall availability (all building sizes) in Atlanta has declined for the third consecutive month, though it remains about 16% higher than one year ago Sublease availability sits at 12-month low of 9.4 MSF, and has declined by more than 2 MSF since year-end 2023 Sublease availability for buildings over 250,000 SF has declined for the past four months and is…
LEE IN THE NEWS: Honored As One of Best Places To Work In Atlanta For The Fourth Consecutive Year
August 29, 2024 (Atlanta, Georgia) – For the fourth consecutive year, Lee & Associates – Atlanta is thrilled to be recognized on the Atlanta Business Chronicle’s “Best Places to Work” list. Our team is the heart of our company, and we take immense pride in each and every one of them. At Lee Atlanta, we continuously assess our culture to ensure we uphold the genuine, supportive, and energetic environment that has defined our firm over…
Availability & Sublease Tracker | September 2024
The Atlanta industrial market remains strong, with sublease availability declining by 196,285 SF in September 2024. The continued declining trend reflects robust leasing activity that has kept demand high, reducing the amount of available space. Overall market availability, which includes under-construction projects, sublease and vacant spaces, and occupied spaces being marketed, has also dropped, indicating an active market. Although construction activity in Atlanta has reached its lowest point in a decade, there are signs…
LEE IN THE NEWS: ETI Solid State Lighting Establishes New North American Headquarters in Flowery Branch
August 29, 2024 (Atlanta, Georgia) – Lee & Associates – Atlanta is pleased to announce that Craig Viergever, SIOR, and Tyler Flemming have successfully represented ETI Solid State Lighting in their acquisition of a 111,103 square-foot property in Flowery Branch. The property, located at 4873 Thurmon Tanner Parkway, was developed and sold by Hines. The building will be upfitted for their North American Headquarters and serve as their Eastern distribution facility for their wide array…
AUG 2024 | Market Brief
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…