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…
Spring 2020 Atlanta Industrial Market Report
Atlanta’s industrial market remained on solid footing in Q1 of 2020, but an increase in delivered speculative supply coupled with a recent slowdown in absorption showed a rise in overall vacancy. Net absorption in Q1 was essentially flat, representing one of the lowest SF quarters for demand over the past decade. However, leasing activity ended strong at the end of Q1 at 10,033,208 SF of newly signed leases. In the first quarter, seven new industrial…
Spring 2020 Atlanta Office Market Report
Due to a limited supply and a steady demand, Atlanta’s office market continued to see overall growth in the first quarter of 2020. Vacancy in Atlanta remained below the metro’s historical average, ending Q1 at 15%. The metro’s core submarkets continued to drive Atlanta growth, which has fueled a rapidly growing development pipeline. Five developments, each over 100,000 SF and totaled 1.7M SF, delivered in the first quarter. Among these developments were State Farm’s 670,000…
Patricia Donahue Named Director of Marketing & Strategy of Lee Atlanta
February 26, 2020 (Atlanta, Georgia) – Lee & Associates – Atlanta is proud to promote Patricia Donahue to Director of Marketing & Strategy. In her new position, Patricia’s responsibilities include analyzing and consulting on marketing and business development strategies, performing data analysis to track marketing interactions and performance, creating custom marketing pitches and material, and overseeing the firm’s PR and social media engagements. She will utilize high-level strategy to transform marketing, graphic design, and research…
In the News: Lee & Associates Atlanta Closes Closes 517,500 Square Foot Industrial Lease for SBS Transportation in Palmetto, Ga
February 21, 2020 (Atlanta, Georgia) – Lee & Associates is pleased to announce another successful closing. SBS Transportation is slated to begin operations in their new, 517,500 square foot logistics center in Palmetto, GA on April 1,2020. Lee & Associates’ Mike Sutter was engaged on the deal in September 2019 by SBS Transportation. Challenged to find 500,000-700,000 square feet in either a single building or multiple buildings, Lee & Associates identified a state-of-the-art facility that…
Year-End 2019 Savannah Industrial Market Report
Savannah’s economy continues to flourish and experience stability in tourism, employment and port activity. Looking back on the 2010 decade, 2019 posted the strongest year for annual net absorption at 6.3M SF occupied. This compares to the 1.9M SF occupied in year 2010. While 2019 did not show the lowest vacancy rate of the decade, the Savannah industrial market has seen impressive vacancy stats throughout the past 10 years, beginning 2010 at 23.7% vacant and…