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Availability & Sublease Tracker | August 2024
Atlanta’s industrial real estate market had its second straight monthly decline in sublease availability, with a reduction of 441,751 square feet in July 2024. One of the main drivers was eFulfill’s takedown of 468,827 square foot space in I-20 West. The overall market availability (comprised of under construction, sublease space, vacant space, and occupied space marketed as “available”) has also decreased, thanks to robust leasing activity this quarter. We are likely to see diverse market…
LEE IN THE NEWS: JTEC Energy Inc. Expands Headquarters by Nearly 10,000 SF at Lee + White
ATLANTA (July 29, 2024) – JTEC Energy Inc. (JTEC), a producer of renewable energy, has expanded its headquarters at Lee + White in Atlanta’s West End, adding 9,800 square feet to its existing 18,775 square feet of space in Building 1050. The expansion adds lab space and allows for the addition of new employees, significantly increasing production of the revolutionary JTEC cleantech energy device. Cushman & Wakefield’s Porter Henritze and Melanie Garlock completed the lease…
Mid-Year 2024 | Atlanta Industrial Pipeline
Atlanta’s development activity has been slowing, as evidenced by the steep groundbreaking drop during the first half of 2024. The metro area is experiencing the tail end of a significant supply wave, with millions of square feet delivered this year already. Vacancy remains healthy despite speculative, vacant products, under 8% in the core metro markets. The current pipeline is expected to be completed in the next 9-12 months, leaving a void in anticipated deliveries beyond…
Q2 2024 Atlanta Market Reports
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Availability & Sublease Tracker | July 2024
Sublease availability decreased by 294,060 square feet for June 2024. Only 12 new subleases were added to the market in June with only one exceeding 100,000 square feet. Total available space includes under construction, sublease space, vacant space and occupied space that is being marketed as “available. Total availability increased by 3.5 MSF over last month. The 3.5 MSF increase was driven primarily by six new, large second-generation availabilities totaling about 2 MSF in the…