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…
IN THE NEWS: Dayton Street Partners Enters Atlanta Market with 180,300 SF Rock Hill Distribution Center
ATLANTA (December 9, 2020) — Chicago-based commercial real estate developer, Dayton Street Partners (DSP), is pleased to announce its entrance into the Atlanta market with the acquisition of a 12.60-acre land site located at Rock Hill Drive and Georgia Highway 85. Dayton Street Partners began actively pursuing investment opportunities in Atlanta in early 2019 with the intent of establishing a Southeast presence directly through its distribution hub. Throughout the initial search, DSP’s Howard Wedren, Michael…
IN THE NEWS: Lee & Associates Atlanta Hires New Head of Net Lease Business
December 3, 2020 – Lee & Associates Atlanta has hired a former JLL broker to lead its net lease group and added several other agents as it continues to grow its office. Lee Atlanta President and CEO David Howard said the firm hired Taylor Wolfes to lead its new net lease group that deals with the buying, selling and recapitalization of properties rented to a single tenant. Wolfes worked in JLL’s net lease group in Atlanta…
IN THE NEWS: Inmark Signs First Lease at Suburban Atlanta Spec Project
November 27, 2020 – A packaging company that designs and sells products to various end users including labs and hospitals has signed a lease to set up operations at the new Factory Shoals Logistics Center in suburban Atlanta. Inmark, which has its headquarters located roughly one mile away at 675 Hartman Road in Austell, signed a lease for 67,025 square feet at the facility at 7520 Factory Shoals Road. Billy Snowden and Craig Viergever with Lee & Associates…
IN THE NEWS: Lee & Associates Brokers Sale of 149K-SF Industrial Facility in Greenville
November 18th, 2020 — Lee & Associates – Atlanta represented Pattillo Industrial Real Estate in the off-market acquisition of 74 Brookfield Oaks in Greenville South Carolina a 148,643 square foot brand new industrial facility in the burgeoning Mauldin submarket. Lee & Associates’ President & CEO, Dave Howard, and Executive Vice President/Principal, Mike Sutter, identified this opportunity as an excellent addition to the Pattillo portfolio and an opportunity to expand their presence in the Upstate market….
Q3 2020: Office Submarket Reports
Our 2020 Q3 Office Submarket Reports have arrived! Click on the images below to read: