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Lee and Associates Atlanta is pleased to present our 2021 Parking Survey. The primary locations of interest include the Buckhead and Midtown office submarkets. All parking prices mentioned are per space, per month. Parking represents an evolving, over $30 billion nationally aspect to the commercial real estate industry and is far more dynamic than perceived by most professionals. While technology is ever-changing and adapting to solve the problem office parking can create, price is ultimately…

September 29, 2021 (Atlanta, Georgia) – Lee & Associates Atlanta welcomes Joseph Mullican as a Principal with over 20 years of commercial real estate experience. Joseph represents owners/users and tenants/buyers in both leasing and sales transactions with a concentrated focus on Metropolitan Atlanta and Savannah. His knowledge of the greater Atlanta region and individual submarkets provides clients with a comprehensive analysis of the overall marketplace. His ability to find secure off-market investment opportunities has led him…

September 28, 2020 (Atlanta, GA) – Lee & Associates – Atlanta is pleased to represent a fund managed by a subsidiary of Ares Management Corporation, which acquired Black Creek Group’s U.S. real estate investment advisory and distribution business on July 1, 2021, on the purchase of a 30.2-acre tract off Wilkerson Mill Road and Highway 29 in the I-85 South submarket of metro Atlanta, Georgia. Ares intends to construct Wilkerson Mill Logistics Center, a Class…

Lee & Associates Atlanta welcomes Cori Nuttall as a Director, specializing in office and industrial leasing, as well as investment sales. Ms. Nuttall joins the Atlanta office from Lee & Associates Charleston, where she launched her career in 2018. Ms. Nuttall has since brokered over $45MM in transactions across five separate states in the Southeast. Her client portfolio spans a variety of industries including professional office, medical practices, financial institutions and manufacturing. She has represented…

Surging demand, especially for e-commerce projects, and record-low vacancy are creating Atlanta’s strongest industrial real estate market in years, and “there’s no slowdown in sight,” Lee & Associates Atlanta’s President and CEO David Howard told Atlanta Business Chronicle. “I call Atlanta the L.A. of the South,” Howard said. “There’s a lot of room for Atlanta’s industrial market to grow.”  

Our 2021 Q1 Office Submarket Reports have arrived! Click on the images below to read:             

https://youtu.be/FUYgVyYs7wU Quarter two was another tough quarter for the Atlanta office market. Many office buildings are running at less than 35% capacity, as the goalpost for workers to return to the office has moved until after Labor Day. Net absorption was a positive 133,978 SF for Q2, the first positive absorption quarter in a year. Average asking rental rates increased $.40 over Q1 moving up to $28.97, while 1.6 MSF of new space delivered and…

The Second Quarter Atlanta Industrial market continues to sizzle. Overall absorption reached almost 9 MSF, which is one of the strongest quarters ever. At the same time, the vacancy rate has dropped under 5% for the first time in over 30 years. Rental rates continue to increase with high demand and limited supply coming to market. Demand for E-Commerce warehouse space and the need to keep extra supplies on hand are causing users to reevaluate…

Lee & Associates Atlanta is excited to welcome James Simmel to the firm. Mr. Simmel will be joining the Research Associate (RA) Program, providing market research support and analysis to our team of brokers with a focus on industrial properties.