As 2024 draws to a close, Lee & Associates – Atlanta is taking a moment to reflect on a year of growth, achievement, and preparation for the exciting opportunities ahead. This year has been marked by significant milestones, including the promotions of talented brokers, the expansion of our team with new professionals and our office expansion. A Year of Achievement and Growth In 2024, Lee & Associates – Atlanta made impressive strides in building and…
Availability & Sublease Tracker | January 2024
Industrial Availability Declines in December 2024: After an increase in November from several new groundbreakings of speculative product, industrial availability in Atlanta declined in December, driven by strong leasing activity. Sublease Availability Shows Year-Over-Year Decline: Positive tenant demand led to a 19.5% decline in sublease availability year-over-year, despite a small month-over-month increase. Under-Construction Pipeline at Low Levels, Future Spec Projects Expected: The under-construction pipeline for industrial properties stood at 5,198,515 square feet at the…
Lee & Associates – Atlanta 2025 Industrial Forecast
The annual Lee & Associates Atlanta Industrial Real Estate Forecast is a forward-looking analysis of changing market conditions in 2025. Atlanta’s industrial fundamentals remain among the strongest in the nation and activity is expected to gain more momentum as the economic conditions improve. The following pages outline recent performance, the economic drivers impacting industrial buildings, and our outlook on activity in 2025. We hope this forecast prepares you for changing conditions ahead and inspires your…
Availability & Sublease Tracker | December 2024
In December 2024, total market-wide availability increased, fueled by ten new industrial groundbreakings that added 2.1 million square feet (sf) of new space availbility. Despite this, Atlanta’s industrial pipeline remains at historically low levels. Sublease availability has remained stable, with minimal increase month over month, accounting for only 1% of total inventory. A wave of speculative supply is expected to deliver in first half of 2025, followed by a decline in new deliveries and…
LEE IN THE NEWS: Lee Atlanta’s Teams Secures Earnest Machine Products A 103,776 SF Lease Expansion in the I-20 West Submarket
Mike Sutter, SIOR, and Rick Tumlin, CCIM, SIOR, of Lee & Associates – Atlanta, have successfully facilitated a 103,776 SF lease for Earnest Machine Products at 7815 Third Flags Parkway. The deal marks a significant expansion for Earnest Machine, a leading supplier of industrial fasteners, as they take space in the sought-after I-20 West submarket of Atlanta. The building, owned by LINK Logistics, offers prime industrial space with excellent access to major transportation routes,…
LEE IN THE NEWS: Image Manufacturing Group Renews 52,437 SF Lease at 5405 Buford Hwy, Norcross, GA
Lee & Associates – Atlanta is proud to announce the successful long-term lease renewal of 5405 Buford Hwy, Suites 250-290, Norcross, GA. The 52,437 square-foot space will continue to serve as the primary production and distribution facility for Image Manufacturing Group, an established high-end commercial and retail signage manufacturer. Matthew Reynolds and Trip Ackerman, SIOR, of Lee & Associates – Atlanta represented Image Manufacturing Group in securing this renewal, ensuring the tenant’s continued presence…
LEE IN THE NEWS: Brett Chambless, SIOR at Lee & Associates Secures 172,000 SF Lease for Samaritan’s Purse in Acworth, GA
Lee & Associates – Atlanta’s Brett Chambless, SIOR successfully represented Samaritan’s Purse in securing a new 172,000 SF warehouse lease at 1347 Highway 92 in Acworth, Georgia. “Samaritan’s Purse is a nondenominational evangelical Christian organization providing spiritual and physical aid to hurting people around the world” (Samaritan’s Purse). The new facility will serve as a processing center for Operation Christmas Child. This mission was started in 1993 and entails sending millions of gift-filled shoeboxes to…
LEE IN THE NEWS: Jim Ramseur of Lee & Associates – Atlanta Helps Neel Family Advance Quarry Plans at Former Wildlife Area Site
Jim Ramseur of Lee & Associates – Atlanta provides expert guidance to the Neel family in the strategic decision-making process regarding their more than 19,500 acres of land across Bartow and Cherokee counties. With his deep knowledge of the Metro Atlanta Commercial Real Estate market, Jim is helping the family evaluate the best uses for their property, including potential development, conservation, and investment opportunities. From the Atlanta Journal-Constitution: Plans to establish a granite quarry within…
LEE IN THE NEWS: IDI Logistics Leases 259,708 SF at Northwest 75 Logistics Center in White, GA
We are thrilled to announce that IDI Logistics successfully leased 259,708 square feet at the Northwest 75 Logistics Center, a state-of-the-art facility in White, Georgia. Congratulations to Billy Snowden, SIOR from Lee & Associates – Atlanta and Brad Pope, SIOR, from JLL for their successful collaboration in securing this deal! There is an additional 51,952 square feet of premium, move-in ready space still available at the Northwest 75 Logistics Center. For more information on…