News

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…

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…

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…

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,…

We are excited to announce an important update at Lee & Associates—Atlanta: our Research Associate Program has been renamed the Junior Associate Program. This new title better reflects the comprehensive nature of the training and the goals of the program. The Junior Associate Program is a ±12-month immersion into the world of commercial real estate. Participants gain hands-on experience in various facets of the industry, from conducting market studies and reviewing contracts to engaging in…

Year over year, Savannah’s industrial sector has seen an influx of 27 million square feet of new inventory, leading to an increase in industrial vacancies. Nevertheless, the total leasing volume in Savannah has shown a consistent upward trend since 2018, fueled by the expansion of e-commerce and the flourishing activity at the Port of Savannah. Currently, there is 12,605,640 square feet under construction, 15% of which is already committed. Despite national uncertainties, ongoing investments in…