February 17th, 2021 (Atlanta, Georgia) – Lee & Associates Atlanta’s Connor Winkler represented SVK Systems in securing additional warehouse space in great Atlanta with a lease at the Riverside complex in Austell, Georgia. The international software developer, which is headquartered northeast of Atlanta in Duluth, reached a deal for 64,679 square feet at 7800 The Bluffs. The company took occupancy this month. To read the full article click the button below!
IN THE NEWS: Lee & Associates Represents Tenant in 214,800 SF Industrial Warehouse Deal
February 3, 2021 (Atlanta, Georgia) – Titan Importer, represented by Lee & Associates’ Billy Snowden SIOR, Connor Winkler, and Tommy Hiles SIOR, signed a lease to take a full building at the West Fulton Commerce Park. Titan is the first tenant to sign on to the Crow Holdings’ new three-building complex in west Atlanta. The furniture wholesaler signed a more than 10-year lease for Building 3, a 214,800 SF warehouse. The property is one of…
IN THE NEWS: Lee & Associates Taps Tim Palmer as Principal in Atlanta
February 12, 2021 (Atlanta, Georgia) – Lee & Associates, the largest broker-owned commercial real estate firm in North America is proud to announce the addition of Tim Palmer as Principal. Mr. Palmer brings over 20 years of commercial real estate experience to the Lee Atlanta office. Throughout his career, Tim has built an advisory relationship with clients who rely on him to create a competitive advantage with each location both locally and nationally. Tim specializes…
IN THE NEWS: Comptree Leases 589,000 SF Distribution Center in Braselton, GA
February 17, 2021 – Billy Snowden SIOR, Rick Tumlin CCIM, SIOR, and Mike Sutter SIOR of Lee & Associates Atlanta represented Comptree in leasing a recently completed 589,000 SF distribution center in Braselton, Georgia. Comptree is an e-commerce company based in California and expected to take occupancy this summer. To read the full article click the button below.
Year-End Q4 2020 Savannah Market Report
The Port of Savannah continues to be the fastest-growing container terminal in America. In 2020, the port acquired an additional 145 acres, adding 1 million TEUs (twenty-foot equivalent unit) container capacity to the port. This is part of the port’s larger expansion plan to increase the Georgia Ports Authority’s capacity to more than 9 million TEUs by 2030. This growth has been led by an increase in demand as the top port for U.S. exports….
Year-End Q4 2020 Office Submarket Reports
Our 2020 Q4 Office Submarket Reports have arrived! Click on the images below to read:
Year-End Industrial Market Report
Atlanta had one of it’s best years in 2020. Atlanta set records this year in a few ways: Highest quarterly net absorption in Q4 2020 at 8.3 MSF Net absorption SF was higher than new space delivered for the last three quarters Highest rental rate growth year-over-year: 27.9% (from $5.04/SF to $6.45/SF). To read about the thriving Atlanta Industrial Market, even through a world-wide pandemic, click the button below.
Year-End Office Market Report
In 2020, Atlanta experienced its first negative net absorption since 2011 (-341,177 SF). Vacancy reached 16.2%, the highest year-end vacancy rate since 2014. While there has been a lot of talk about office tenants fleeing to the suburbs, Atlanta CBD gained 278,736 SF in 2020 while the suburbs lost 619,913 SF of tenants. Sublease availability rose to 2.2 MSF in Q4, 1 MSF higher than the availability at the end of Q4-19 and now makes…
IN THE NEWS: Lee & Associates Atlanta Hires Taylor Wolfes as Head of Net Lease Sales
December 15, 2020 (Atlanta, Georgia) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, is proud to announce the addition of Taylor Wolfes as Principal and head of Atlanta’s Net Lease Sales Group. Mr. Wolfes brings 13 years of commercial real estate experience to the Lee Atlanta office. He specializes in the buying, selling, and recapitalization of properties throughout the United States and provides an array of services including: Disposition…