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A mixed-use district could form on thousands of acres of land in an area of northwest Georgia poised for rapid job growth. The Aubrey Corp. envisions 16,500 acres between U.S. 411 and Ga. 20 in Bartow County becoming a residential, commercial and industrial hub with greenspace, according to a Developments of Regional Impact filing. The DRI program allows state planning officials to give feedback on proposals large enough to stress local infrastructure in a community….

January 25th, 2023 (Atlanta, GA): Lee & Associates – Atlanta is excited to announce the promotion of Cori Nuttall, CCIM to Principal. Ms. Nuttall began her career in 2018 with Lee Charleston, specializing in office & corporate services. Cori then joined Lee Atlanta in 2021. Since joining, Cori has made quite a name for herself in the Atlanta CRE industry, completing over $23M in transaction volume in 2022 alone. Most recently, Cori was recognized for…

While demand for industrial space continues to prosper throughout Atlanta, there was a slight slowdown in Atlanta’s industrial market in Q4 2022. Vacancies have risen slightly off of record lows reached in late 2021, ending Q4 2022 with a 30 basis point jump to 4%. While demand and leasing velocity remain strong, rising vacancy and availability should provide relief for new and expanding Atlanta area tenants. The metro’s development pipeline continues to thrive, ending Q4…

The Atlanta office market experienced some highs and lows in the final quarter of 2022. Vacancy ended Q4 at 18.5%, a 50 basis point decrease from the previous quarter. Net absorption, while not as robust as quarters past, was in the positive thanks to major tenant move-ins from Emory Healthcare (112,000 SF) and Novelis (89,553 SF) in the Northlake and Buckhead submarkets. However, as developers pushed forward with new groundbreakings at 4.6M SF actively under…

January 10, 2023 (Atlanta, GA)  – JTEC Energy Inc. (JTEC), represented by Lee & Associates’ Cori Nuttall, CCIM & Willie Candler, has signed an 18,755 SF lease in Atlanta’s West End. JTEC anticipates occupying their new space at Lee + White, a popular mixed-use development in Atlanta’s West End, in the second quarter of 2023. JTEC Energy Inc. is a producer of renewable energy and was launched in 2020 by founder, Lonnie Johnson. The company…

November 18, 2022 (Atlanta, Georgia) – Rick Tumlin, CCIM, SIOR and Kurt Unger, SIOR, with Lee & Associates – Atlanta alongside John Sharpe, SIOR, CCIM with Lee & Associates – Chicago, successfully represented a third-party logistics client in a new 401,242 SF lease at Gillem Logistics Center in Forest Park, GA. The lease is with a subsidiary of Covenant Logistics Group (Covenant), a Chattanooga-based third-party logistics company. Covenant will partially occupy Building 1100 within Gillem Logistics…

Check out our Market Report featured in Bisnow’s Article: Atlanta Hits New Record For Industrial Construction While Demand Is Holding Steady

Developers continued to respond to the heightened demand for industrial space in Atlanta in Q3 2022 with 10.8M SF of groundbreakings, bringing total under construction to 44 MSF. Twenty-two percent of under construction space is pre-committed, despite a slower quarter of leasing activity relative to previous quarters. Vacancy increased 10 basis points in Q3 to 3.7%, which is still far below the market’s 10- year average of 6.7%. The Atlanta region is emerging as a…

Given occupier concerns with the future of office space and more downsizing than expansions, Atlanta’s vacancy rate remains nearly unchanged year-over-year, ending Q3 2022 at 19%. Several new, Class A office buildings delivered this quarter, including Midtown’s Midtown Union which was 60% preleased at the time of delivery, Downtown’s Fourth Ward which was 68% preleased at the time of delivery, and Buckhead’s One Phipps Plaza which was 35% preleased at the time of delivery. While…