Our Mid Year Savannah 2019 Industrial Market Report is out! Q2 ended with a strong positive net absorption of 2.5 million square feet and new businesses announced major expansion plans in the Savannah market, including two separate million square foot leases in the second quarter alone. Check out what’s going on in the Savannah market HERE!
Mid-Year 2019 Atlanta Industrial Market Report
Atlanta is pleased to share our Mid-Year 2019 Atlanta Industrial Market Report. Atlanta’s Industrial market made a strong comeback after a slightly stagnant first quarter, ending Q2 with 4,495,154 SF absorbed, bringing year-to-date absorption to 5.32 million SF. There was 21.38 million SF under construction at the end of Q2, a 15% increase from last quarter. Overall vacancy decreased 10 basis points in the Atlanta industrial market to 6.4%. Developers continue to push new spec…
Mid-Year 2019 Atlanta Office Market Report
Atlanta is pleased to share our Mid-Year 2019 Atlanta Office Market Report. Overall vacancy in the Atlanta office market remained the same in the second quarter of 2019 at 14.5% with a positive net absorption of 378,127 SF due to larger tenants occupying new space. Average asking rents for classes A, B, and C rose to $26.77 PSF. There was 7,226,801 SF under construction at mid-year 2019, a 35% increase over last quarter. To view…
Mid-Year 2019 Office Development Pipeline
Our Mid-Year 2019 Office Development Pipeline Report it out! Lee Atlanta is currently tracking 20 office buildings under construction in the Metro Atlanta area, 14 of which are speculative development. The average speculative building size is 262,992 SF and 2.5M SF of speculative development is available for lease. Midtown currently holds 50% of all office development and in the years 2020 & 2021, there is a projected 3.5M SF to deliver and an additional 1.5M…
Cabot Properties & Republic Property Co. Break Ground on Interstate 20 Logistics Center
Cabot Properties, a private equity real estate investment firm, and Republic Property Company, a full-service real estate development company, has recently announced it has broken ground at a site in the I-20 West submarket for the construction of a 166,650 SF industrial development. Interstate 20 Logistics Center is a 32’ minimum clear height rear load distribution facility located in the ever growing I-20 West industrial submarket. With double sided entry for both auto and truck…
Midtown Doubles and Dominates Atlanta Office Development Activity
5.29.2019 Companies calling Midtown their home has been a common theme in recent Atlanta headlines, and it looks like that trend isn’t stopping anytime soon. Midtown Atlanta has seen a rapid spike in development just in the past 3 months, accounting for over 57% of all Atlanta office development activity. At time of this publication, Midtown Atlanta has nearly doubled its amount of square feet (SF) under construction since Q1 2019, from 2.15 million SF…
Scannell Properties Breaks Ground on Factory Shoals Logistics Center
Scannell Properties, a privately held and nationally recognized real estate development and investment firm, announced that it has recently broken ground at a site in the I-20 West submarket for the construction of a 159,377 SF industrial development. Factory Shoals Logistics Center, located at 7520 Factory Shoals Road in Austell, Georgia, is a state-of-the-art infill facility that provides local and regional warehouse/distribution users with immediate access to Metro Atlanta. The facility is located in the…
Featured Listing: Industrial Warehouse For Sale
Today we are featuring a new listing at 1376 Chattahoochee Avenue. Previously a sound and video recording studio featuring 2 sound rooms with rock wool insulation, conference room, common area lounge and VIP lounge, five restrooms and ample fenced parking with security gate. Property is 10,733 SF with ideal central location in Atlanta. Listed with Lee Atlanta’s Jim Ramseur and Doug Brown. For more information on this property, click HERE!