Demand for warehousing and distribution space to accommodate growing freight volumes is at an all-time high in Savannah. The market is extremely tight, with vacancy at 2.0% and few available space options for new and expanding tenants. Consequently, developers remain active, delivering more than 4 million SF of space in Q2 while maintaining a construction level topping 23 million SF for the second consecutive quarter. The catalyst for this growth is the Port of Savannah,…
PODCAST: Greg Pieratt | The Red Pen
Welcome to Lee & Associates – Atlanta’s podcast ‘Lately with Lee ATL’, where we talk about Atlanta commercial real estate, office news, and everything in between. This week, Willie had the chance to get to know fellow Lee & Associates broker, Greg Pieratt. Greg is a Principal out of the Lee & Associates – North San Diego County Office. Check it out to hear about Greg’s career, personal life, and more! Check out other podcasts…
LEE IN THE NEWS: As Atlanta’s industrial sector booms, here are the only available spaces for big leases
The demand for warehouse and distribution space is crunching Atlanta’s industrial vacancy rate further and further. Click the button below to read the full article.
MID-YEAR 2022 ATLANTA INDUSTRIAL PIPELINE
Since our year-end 2021 Industrial Pipeline Report, the macro fundamentals of industrial real estate have experienced seismic shifts that have had some immediate impacts on current development activity, and will surely impact development moving forward. In the second half of 2022 and beyond, developers will continue to face challenges with construction costs, construction timelines, and capital markets. “It’s very challenging to finance a project when your capital partner can’t predict their exit cap rate, lease…
Q2 2022 Atlanta Industrial Market Report
Demand for Atlanta industrial space remains very strong, if slightly below record levels experienced in 2021. Net absorption in Q2 approached 4.5 million SF, a healthy figure despite a dwindling supply of available space. Developers are active, having delivered more than 12 million SF this year and with another 47.7 million SF (a record high) underway. Supply chain disruptions continue to extend development timelines, which will continue to impact available space options for new and…
Q2 2022 Atlanta Office Market Report
Atlanta’s office market is back in positive territory in 2022, recording nearly 1 million SF of net absorption through midyear. Midtown is attracting the greatest share of occupancy gains with Q2 absorption just north of 620,000 SF. Overall leasing activity is up 35% relative to Q2 of 2021 and the vacancy rate fell for the first time in nearly four years. While overall activity still pales in comparison to pre-pandemic levels, relocation and expansion announcements…