KEY TAKEAWAYS: Supply challenges & corresponding inflation are key headwinds to economic growth Nationally, of the 648 MSF of industrial space currently under construction, nearly 40% of it is already committed Average Atlanta industrial rents are resilient, remaining flat or accelerating in 2 of the last four U.S. recessions Atlanta rebounded quickly from the COVID-19 recession, with the second fastest job growth rate in the nation when compared to large-market peers Economic conditions have shifted…
PODCAST: Catch-up with Willie Candler
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. It’s been a while, but we are back with host, Willie Candler, going solo today! Tune in to catch up on the Lee Summit, exciting office updates, and more! Check out other podcasts here: https://www.lee-associates.com/atlanta/category/podcast-lately-with-lee-atl/ https://open.spotify.com/episode/7nTWtrtuUBBkitDS4CpsIl?si=9d2d5f485e794176
LEE IN THE NEWS: Lee & Associates – Atlanta Promotes Mendy Ruder to Principal
June 29, 2022 (Atlanta, Georgia) – Lee & Associates – Atlanta is pleased to announce the promotion of Mendy Ruder to Principal! Mr. Ruder specializes in tenant, landlord, and owner/user representation, specifically for local and national companies that occupy manufacturing, distribution, logistics, and service facilities. Since joining Lee & Associates in November 2020, Mr. Ruder has completed over $20 million in transaction volume. Working on industrial real estate transactions in Atlanta and across the country,…
MARKET BRIEF: INFLATION, SUPPLY, & LABOR CONSTRAINTS WON’T DERAIL INDUSTRIAL EXPANSION
WHAT YOU NEED TO KNOW Demand for industrial space remains at unprecedented levels Inflation and supply chain challenges are short-term headwinds to growth The economy overall is expected to cool, but GDP to remain positive in 2022 (2.3%) and 2023 (2.1%) Durable structural trends such as in-migration and retail spending will drive continued industrial growth It’s no secret demand for Atlanta Industrial space has reached record highs, recently peaking at more than 40 million sq….
LEE IN THE NEWS | CBS 46: 14,000-acre Georgia property hits the market
ATLANTA, Ga. (CBS46) – Thousands of people fear they’ll lose access to a major hiking, hunting, and fishing area just outside metro Atlanta. Pine Log Wildlife Management Area is 14,000 acres in Cherokee and Bartow Counties, less than an hour drive from downtown Atlanta. The land is part of a 19,000-acre property put up for sale in May. Aubrey Corporation has privately leased the land to Georgia Department of Natural Resources for the last 45…
LEE IN THE NEWS | Atlanta Business Chronicle: Family puts 19,500 acres up for sale in booming industrial corridor
As unyielding demand for industrial space spreads north, a longtime landowner of 19,500 acres is seizing an opportunity. The Aubrey Corp. — formed by a family who has owned the land for nearly a century — plans to sell its massive collection of agricultural and horticultural land in Northwest Georgia. Jim Ramseur, executive vice president and partner at Lee & Associates, is representing the seller. The portfolio runs through Bartow and Cherokee counties. It’s such a…
LEE IN THE NEWS | Rome Tribune: Bartow company puts 19,500+ acres on the market as demand for space explodes north from Atlanta
The red-hot I-75 corridor just picked up another major player with massive holdings near White as well as other parts of Bartow County and Cherokee County are now up for sale. The Aubrey Corp. has put 19,500 acres on the market. The price tag tops $1 billion unless the properties are purchased en masse, according to the Atlanta Business Chronicle. Potential use for the properties include timber/recreational green space, industrial, residential, commercial, retail and mineral….
LEE IN THE NEWS: Lee & Associates Negotiates 153,150 SF Industrial Lease in Dallas
DALLAS — Lee & Associates has negotiated a 153,150-square-foot industrial lease at 2340 I-35 W. Service Road in Dallas. The crane-served building features 24-foot clear heights, 24 drive-in doors and 6.8 acres of outdoor storage space. Joseph Mullican and Brett Lewis of Lee & Associates represented the undisclosed tenant, which will occupy the entirety of the building, in the lease negotiations. The name and representative of the landlord were not disclosed. To read the full…