Our very own Connor Winkler’s !-20 W / Fulton Industrial Market Newsletter has arrived! Take a look at the full newsletter to get more insight into this budding Atlanta submarket. – Despite apparent business disruptions due to COVID-19 workplace restrictions, the industrial real estate sector has remained resilient and in rampant demand as distribution and manufacturing facility leasing activity continues to surge in Atlanta. The shift from the traditional bricks and mortar retail to online…
Mid-Year 2020 Atlanta Industrial Pipeline
The first half of 2020 has been anything but ordinary. The coronavirus pandemic resulted in the entire globe seeking some level of “shelter in place” except for essential businesses; those people who continued to work instituted precautionary measures to diminish the spread of the virus. As of this report’s date, there are over 570,250 global deaths from COVID-19, with over 135,250 in the United States. The silver lining to all these disruptions is that the…
Lee & Associates – Atlanta Brings 259,262 SF Industrial Building to 100% Occupancy with Simultaneous Leases in the Atlanta Airport Submarket
Lee & Associates’ Atlanta office is proud to announce the closing of two simultaneous leases bringing the 259,262 square foot industrial building at 4099 Old Dixie Hwy. to 100% occupancy. Acquired as a value-add last mile facility by Meniscus Group in late 2016, the Lee & Associates team of Mike Sutter, SIOR and Billy Snowden, SIOR represented ownership on the acquisition and subsequent repositioning of the asset. The team advised ownership on approaches to maximizing…
In the News: Lee & Associates Atlanta Closes 76,995 SF Industrial Lease for Kalera in Ellenwood, GA
June 23, 2020 (Atlanta, Georgia) – Lee & Associates is pleased to announce another successful closing. Kalera is slated to begin operations in their new, 76,995 square foot space in Ellenwood, GA on January 1, 2021. Lee & Associates’ Derek Riggleman and Trip Ackerman were engaged on the deal in late 2019 by Kalera, a leading vertical hydroponics company that specializes in growing produce in technology-driven, controlled environments. Challenged to find 75,000 square feet in…
Spring 2020 Atlanta Office Under Construction Report
Speculative construction makes up 81% of all Atlanta development activity. Strong leasing velocity, particularly in new properties in Midtown, have helped calm fears of oversupply. In the first quarter of 2020 alone, five buildings delivered and three of which were speculative and were 69% plus preleased upon completion. The coronavirus pandemic may lead to project delays or a slowdown in groundbreakings over the next quarters, however the full scope of its impact remains unknown.
In the News: Lee Atlanta Returns to the Office
With the uncertainty regarding how long COVID-19 will impact business, it remains unclear when many companies will return to in-person work. We at Lee & Associates Atlanta are excited to announce that we are planning to return to the office this Monday, May 15th, 2020. So as to keep our office safe, many new safety precautions have been put in place: plexiglass has been installed at the reception desk and cubicles, there is a mandatory…
Spring 2020 Atlanta Office Submarket Reports
Our Spring 2020 Submarket Reports have arrived! Click on the images below to read:
Spring 2020 Savannah Industrial Market Report
While fundamentals are still healthy, vacancies ticked higher as well as a significant decrease in net absorption in the first quarter of 2020 in the Savannah Industrial market. Demand for space in the market is poised strong, however. The market absorbed roughly 7.4 million SF of space in 2019, and on a year-over-year basis, the Savannah market is in the top ten nationally for net absorption. Though Savannah has seen accelerated leasing momentum in the…
Lee & Associates Welcomes Griff Sims as Senior Director of their Office Team
APRIL 20, 2020 (Atlanta, Georgia) – Lee & Associates is proud to announce the addition of Griff Sims to the team as Senior Director. Mr. Sims brings over 30 years of experience in office tenant and landlord representation to the Lee Atlanta team. With a strong acumen in law, construction, and design, Mr. Sims has built a reputation as a solution-driven negotiator with careful attention to detail. Previous to joining the Lee Atlanta team, Sims…