The addition of uncommitted office inventory and persistent economic uncertainty resulted in a somewhat distressed third quarter for Atlanta. However, while vacancy and sublease available inventory have continued to trend upward in recent quarters, leasing activity in the third quarter was at a year-to-date high of 2.1 million SF leased, with suburban submarket Northwest leading the way in tenant demand. Average lease sizes are shrinking as corporations reevaluate footprints and are often committing to less…
Q3 2023 Atlanta Industrial Market Report
As expected, Atlanta’s industrial market saw an uptick in vacancy in the third quarter as a record amount of inventory delivered. Still, a healthy market, overall net absorption was back in the positive and surged in Q3 to 3.3 million SF. Overall leasing activity has dwindled quarter-over-quarter from record highs. However, sublease availability has begun to cool, rising only 8.9% since last quarter after rising 37% in the first half of the year. Industrial construction…
PODCAST: Lee Ladies | Special Guest – Elizabeth Kennedy
Brought to you by Lee & Associates – Atlanta, welcome to ‘Deals in Heels’, the newest edition to the ‘Lately with Lee’ podcast! Your host, Cori Nuttall, CCIM, is taking the reins and talking to the women changing the landscape of Commercial Real Estate. In a traditionally male-dominated industry, these women have made a name for themselves, and their successes have led the way for others to join. In this episode of “Deals in Heels,”…
2023 | Best Places to Work
We are extremely proud to have been named one of the “Best Places to Work” by the Atlanta Business Chronicle! Our company strongly values culture, and we believe that in order to have excellent culture, you must have excellent people. We truly have the best people, and they have created a genuine, supportive, and fun culture. At Lee & Associates, we work hard to play hard, and this award demonstrates our ability to balance the…
LEE IN THE NEWS: Craig Viergever, SIOR & Tyler Flemming
This Week’s Atlanta Deal Sheet: Storage Startup Taking Space At Westside Provisions – spotlights Tyler Flemming and Craig Viergever, SIOR. Electrical engineering firm EAE USA leased 102K SF of warehouse space with Blackstone subsidiary Link Logistics in Tucker. The firm signed a seven-year lease for the entire building at 2000 Mountain Industrial Blvd. Lee & Associates Executive Vice Presidents Craig Viergever and Tyler Flemming brokered the deal for the landlord, Link Logistics. Transwestern Real Estate…
Q2 2023 SAVANNAH INDUSTRIAL MARKET REPORT
The Savannah industrial market saw relief in Q2 2023 as it added 7.9 MSF of new inventory, bringing vacancy up to 4.8%. While booming demand has quickly filled Savannah’s robust speculative supply pipeline over the past few years, groundbreakings have leveled off thus far in 2023. However, Savannah’s development pipeline remains substantial at 17.2 MSF under construction, of which 16% was committed at the end of Q2. Though consumer spending on goods has begun to…