March 8, 2024 (Atlanta, GA): Lee & Associates – ATL is thrilled to announce Tim Palmer as the newest Partner at our firm. With his exceptional +20-year track record in commercial real estate, Tim has been instrumental in enhancing client portfolios and strategies. His expertise in tenant representation and market knowledge are invaluable assets to our growing team. As a Partner, Tim’s visionary approach will continue to drive success for our clients and fortify Lee…
Availability & Sublease Tracker | March 2024
February was another busy month with total sublease space declining for the second month in a row. This is mainly due to Amazon removing their 1,108,990 SF sublease from the market at 1250 Cassville White Rd. in White, GA. The largest new lease this month was Atosa USA who inked a 176,305 SF lease with CA Ventures at 6533 McEver Rd., Buford, GA. On a very positive note, Atosa’s new warehouse will be 2.75 times…
January 2024 Moneyball | Mike Sutter, SIOR
Reporting live from Jamaica, our top producer of the month, Mike Sutter, SIOR, makes a grand return to the office only to find he has won this month’s Moneyball! Congrats Mike!
Year-End 2023: Industrial Pipeline
In 2023, industrial groundbreakings were down approximately 60% compared to 2021 / 2022 levels. The decline in development activity can be directly attributed to a more challenging lending environment and underwriting standards that no longer align with the current market dynamics. Factors contributing to this shift include flattened rental rates, increased construction costs, and higher cap rates. The lower development activity could be viewed as a positive by giving the market the opportunity to recover…
Availability & Sublease Tracker | February 2024
There was a slight drop in Available SF in January from 82.56 MSF in January to 82.33 MSF in February. The most notable sublease inked in January was Devgiri taking down the 705,833 SF Conn’s sublease at 2464 Mt. Zion Road in Jonesboro. It is worth noting that this was the 3rd month in a row that Available SF decreased, albeit slightly.