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ATLANTA (July 29, 2024) – JTEC Energy Inc. (JTEC), a producer of renewable energy, has expanded its headquarters at Lee + White in Atlanta’s West End, adding 9,800 square feet to its existing 18,775 square feet of space in Building 1050. The expansion adds lab space and allows for the addition of new employees, significantly increasing production of the revolutionary JTEC cleantech energy device. Cushman & Wakefield’s Porter Henritze and Melanie Garlock completed the lease…

Atlanta’s development activity has been slowing, as evidenced by the steep groundbreaking drop during the first half of 2024. The metro area is experiencing the tail end of a significant supply wave, with millions of square feet delivered this year already. Vacancy remains healthy despite speculative, vacant products, under 8% in the core metro markets. The current pipeline is expected to be completed in the next 9-12 months, leaving a void in anticipated deliveries beyond…

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Sublease availability decreased by 294,060 square feet for June 2024.  Only 12 new subleases were added to the market in June with only one exceeding 100,000 square feet. Total available space includes under construction, sublease space, vacant space and occupied space that is being marketed as “available.  Total availability increased by 3.5 MSF over last month.  The 3.5 MSF increase was driven primarily by six new, large second-generation availabilities totaling about 2 MSF in the…

In May, sublease availability increased by 760,757 SF over the previous month.  Seven new sublease availabilities, each over 100,000 SF+, contributed to the largest increase in sublease availability year to date. The largest new sublease posted in May was Kuehne & Nagel’s 474,425 SF at 2160 Anvil Block Rd in South Atlanta. Even with the increase in Sublease SF, the total availability (vacant + under construction + sublease) fell, which Lee & Associates forecasted at…