News & Reports

While the Atlanta office market had major tenant occupancies in the third quarter, it was the silent majority of smaller tenants (15,000 SF or less) vacating their office space which attributed to the negative 667,094 SF of net absorption. Vacancy continued to trend upward, ending the third quarter at 15.6%. Office sublease availability has increased 42% year-over-year due to recent work from home orders amid the coronavirus pandemic. In the third quarter, Macy’s put their…

ATLANTA (August 20, 2020) — Lee & Associates Atlanta’s Management Services Group is pleased to add a nine-asset, 1,108,244 SF, industrial portfolio to their team from long-time client, Meniscus Group. Lee & Associates’ Amy Martinez was initially engaged by the California-based, industrial real estate investment group in 2012 to act as a local contact as they moved into the Atlanta market. Since then, Meniscus Group has grown their Atlanta footprint requiring more extensive help locally….

The Atlanta Industrial market had an outstanding third quarter. Even with the economic impact of the COVID-19 pandemic, Atlanta’s industrial real estate market continued to thrive with exceptional demand in Q3 2020. Vacancy dropped 50 basis points to 6.6%, even with seven million SF of new industrial inventory entering the market. Leasing activity, while not as robust as quarters past, still showed strength in numbers as industry giants Amazon and Home Depot grew their Atlanta…

September 16, 2020 (Atlanta, GA) – Lee & Associates has announced the hiring of Murray Gray, Brad Duckett and Mark Thomas as associates in the firm’s Atlanta office. “While many commercial real estate firms are contracting, Lee Atlanta continues to grow by strategically adding brokers that have an advisory mindset. All three gentlemen’s commitment to join Lee & Associates show our ability to continue to attract amazing talent in this time of uncertainty,” said David…

Our Spring 2020 Submarket Reports have arrived! Click on the images below to read:        

September 3, 2020 (Atlanta, Georgia) – Congratulations to Craig Viergever, SIOR for making Globe Street’s Industrial Influencers 2020 list. Globe Street selects people, teams and organizations not just based on numbers or volume of sales. They select individuals based on their skills, expertise, and the mark they have made in the industry. Please click the button to read the full article.

Lee & Associates’ Atlanta office is pleased to announce the closing of a 262,530 square foot industrial lease at Factory Shoals Distribution Center II – Lithia Springs, GA. Lee & Associates’ Billy Snowden, SIOR, Rick Tumlin, CCIM, SIOR, and Mike Sutter, SIOR represented the tenant, Comptree Inc., in the leasing of 965 Douglas Hill Road, a newly delivered, modern distribution facility in the I-20 West submarket. Denton Shamburger and Turner Fortin represented the landlord, a…

The Atlanta Industrial market had an outstanding second quarter. The market absorbed more space than what was delivered (4.4 MSF vs. 4.2 MSF). This is the second time this has occurred since Q3 2018, causing the vacancy rate to hold steady at 7.2%. Despite limitations, tenants have continued to conduct business during the shutdown. Leasing activity has held strong at just over 11.5 MSF with major leasing activity this quarter centered around e-commerce businesses. Amazon…

The Atlanta Office Market had a surprisingly strong quarter, despite all the obstacles. Overall Net Absorption ended the quarter with 133,517 SF. Most of the strength was in the Class A market, which had over 373,073 SF of absorption for the quarter. Rental rates continue to rise to $28.23 up from $27.80 in the previous quarter, which are up 5.14% from a year ago. Atlanta’s tenant strength has remained in the technology and FIRE sectors…