News & Reports

Drumroll, please! 🥁 Congratulations to this month’s “Moneyball” winner, Murray Gray!!!

The headwinds of frozen capital markets, declining leasing activity, and elevated construction costs combined have ceased almost all speculative development. In most submarkets, even if the land were free, there is no way to justify speculative development for the merchant developer who plans to exit upon stabilization. As a result of the banking crisis and increased interest rate environment, developers’ ability to secure construction loans for new speculative projects is almost impossible. Eighteen months ago…

Brought to you by Lee & Associates – Atlanta, welcome to ‘Deals in Heels’, the newest edition to the ‘Lately with Lee’ podcast! Your host, Cori Nuttall, CCIM, is taking the reins and talking to the women changing the landscape of Commercial Real Estate. In a traditionally male-dominated industry, these women have made a name for themselves, and their successes have led the way for others to join. In the latest installment of ‘Deals in…

Welcome 5055 Old Ellis Point to the Lee-Atlanta Property Management portfolio! We’re very excited to be managing these 28k SF multi-tenant buildings, located in Roswell, Georgia! Want to know more? Reach out to Lindsay Merritt, CAM at Lmerritt@lee-associates.com and let us help you!

Atlanta’s office market hit a 12-year high at 19.1% vacant at the end of Q2 2023. This time last year, companies absorbed 1.3 MSF, in stark contrast to this quarter’s -1.6 MSF. While leasing activity increased from last quarter, tenants continue to evaluate current footprints and determine future space requirements. AT&T, a major player in Atlanta’s office market, shed almost 500,000 SF in Q2 2023 as it announced consolidation, but in early July committed to…

July 18, 2023 (Atlanta, GA): Lee & Associates – Atlanta is pleased to announce the promotion of Griff Sims to Principal! Griff specializes in structuring and negotiating commercial office leases and sales with acumen in legal, construction, and design. He has built a reputation as a solution-driven negotiator with careful attention to detail. Mr. Sims has over 30 years of tenant & landlord representation, completing 900+ lease transactions exceeding 3 million square feet of office…

After record-setting activity in 2021 and 2022, Atlanta’s industrial market slowed in the first half of 2023. While industrial demand remains high, a slow deal process coupled with market uncertainty led leasing activity to decline to 6,460,974 SF in Q2 2023, the lowest level since Q3 2011. Sublease availability also grew by more than 3.2 MSF in Q2. Decelerating activity has not discouraged landlords from increasing rents, which hit a new record high of $8.32…

Brought to you by Lee & Associates – Atlanta, welcome to ‘Deals in Heels’, the newest edition to the ‘Lately with Lee’ podcast! Your host, Cori Nuttall, CCIM, is taking the reins and talking to the women changing the landscape of Commercial Real Estate. In a traditionally male-dominated industry, these women have made a name for themselves, and their successes have led the way for others to join. In the latest installment of ‘Deals in…