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…
Availability & Sublease Tracker | June 2024
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…
LEE IN THE NEWS: Lee Atlanta Announces Strong 2023 and Triumphant Start to 2024
May 13, 2024 (Atlanta, Georgia) – Lee & Associates – Atlanta proudly announces a strong 2023 and a triumphant start to 2024. With a transaction volume of more than $1.42 billion spanning over 12 million square feet, 2023 was one of the firm’s best years yet. Thus far, 2024 has been marked by numerous accolades, strategic promotions, and dynamic team expansions in the Atlanta office. Awards & Recognitions Lee & Associates – Atlanta has further…
LEE IN THE NEWS: Joseph Mullican, SIOR & Mark Thomas Represent Both Sides Of Off-Market Sale of 133,080 SF Building
April 25, 2024 (Atlanta, Georgia): Lee & Associates – Atlanta is proud to announce that our very own Joseph Mullican, SIOR and Mark Thomas represented both sides of an off-market sale transaction. Joseph represented the seller, Warehouse One-Lawrenceville, LLC & Warehouse One-Pike, LLC, and Mark represented the buyer, Oakhurst Capital Partners, LLC. The portfolio includes 6 individual industrial warehouses located at 485 Buford Drive and 360 West Pike Street | Lawrenceville, GA. The total square…
Availability & Sublease Tracker | May 2024
Available sublease space experienced a slight uptick in April, increasing by 143,000+ SF. This marked the first increase in five months, albeit nominal. The April increase was primarily driven by BrandsMart USA listing their 451,200 SF building at 3100 Southpark Blvd in South Atlanta for sublease. All other newly added sublet availabilities for the month were below 100,000 SF, with an average of 54,760 SF per availability. This marks a 53% decrease from April 2023,…