Q2 2019 Lee & Associates National Market Reports are here! Click HERE to read them.
Mark Hollan
Mark Hollan, Executive Vice President/Principal and founding Partner with Lee Atlanta, passed away on July 27, 2019, after a heroic battle with cancer. Mark’s 35-year commercial real estate career has been an illustrious one achieving top broker status within the firm multiple times, as well as garnering numerous industry awards and revenue recognition for his many CRE transactions. Mark’s stellar reputation for client stewardship, in addition to his high transaction volume, made him one of…
Mid-Year Savannah 2019 Industrial Market Report
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…