±129,380 sq. ft. industrial space for lease in Monroe, GA with frontage on Hwy 78 and easy access to the future Monroe bypass. The space has 1 drivein door, 9 dock high doors, 14'-20' ceiling height, 40' x 40' column spacing, and outside storage. Available Summer 2025.
Contact Drew, Floyd, or Palmer - ID #2169 (continued on Page 13)
(For period changes Q2 2024 - Q2 2025 est.)
Data reflects information related to Industrial & Flex Space Inventory SF 321M Prior Period 316M (+1.7%) Under Construction SF 3.2M
Period 6.1M (-47.7%) 12 Mo Net Absorption SF 2.3M
Period 7.3%
(For period changes Q2 2024 - Q2 2025 est.)
Data reflects information related to Industrial & Flex Space
Georgia is one of the most heavily forested states in the nation—with roughly 24 million acres of forestland covering nearly two-thirds of its total area. Of that, an estimated 91% is privately owned, positioning landowners as key players in one of the South’s most important natural resource economies.
At the center of monitoring that economy is TimberMart-South (TMS), a subscription-based, not-forprofit organization located in Athens, Georgia. Established in the 1970s and originally connected to the University of Georgia’s Forestry Department, TMS has become one of the region’s most trusted sources for timber pricing and market data. Today, the organization tracks timber activity across 11 southeastern states, dividing each into sub-regions and offering detailed
historical and current pricing data to landowners, mills, consultants, and investors.
At the helm is Jonathan Smith, Executive Director of TimberMartSouth, who oversees the organization’s market analysis and outreach. During a recent conversation with IPG Properties, Jonathan shared valuable insights into timber values, mill operations, landowner strategies, and broader trends impacting Georgia’s forestry market.
He explained that while much of their work is used internally by landowners or forest managers, TMS data also plays a key role in supply contracts and reporting for publicly traded companies. “We were started because of supply agreements that were tied to our information,” Jonathan explained.
“A lot of timber is managed by publicly traded companies, and they use our data to inform investors and plan harvests. Our job is to deliver unbiased pricing and market trends in a format that protects reporter confidentiality.”
Based on 2021 U.S. Forest Service data, Georgia contains an estimated 19 billion cubic feet of softwood— primarily southern yellow pine— and around 24 billion cubic feet of hardwood. “Georgia manages our pine forests more intensively,” Jonathan said. “They’re planted, thinned, and harvested in rotations—kind of like crops—while hardwood forests often grow more naturally in wetter areas and are managed in longer rotations due to slower growth, wildlife use, or recreational value.”
Timber Mart-South tracks stumpage prices, which reflect the value of standing timber sold directly from landowners to buyers, as well as delivered prices, which include the cost of harvesting and transporting timber to mills. While TMS does track both,
the organization generally allows only stumpage pricing to be republished due to licensing constraints. Stumpage pricing is also seen as most meaningful to the general public.
As part of its market reporting, Timber Mart-South also tracks mill activity throughout the region. In Georgia alone, there are approximately 78 active mills, including:
• 44 lumber mills (35 pine, 9 hardwood)
• 8 panel mills (3 OSB, 2 plywood, 1 particleboard, 2 MDF)
• 26 pulp/paper and biomass mills (11 pulp and paper, 15 biomass facilities)
Larger pine sawmills dominate the landscape and to be included in TMS reports, a sawmill needs to produce at least 25 million board feet per year. Jonathan explained that this excludes smaller mills, particularly on the hardwood side, but that the goal is to capture the majority of Georgia’s industrial output.
One example of a major facility is Georgia-Pacific’s Madison mill, which produces approximately 450 million
square feet of plywood annually— requiring around 350,000 tons of roundwood each year. These numbers translate to roughly 60 truckloads per day, based on a 200-day operating schedule.
In 2024, Hurricane Helene caused an estimated 26 million tons of softwood damage in Georgia alone—roughly equivalent to five years of net timber growth. While many expected prices
Leslie McFarlin
to rise due to scarcity, the opposite happened in the short term.
“The market got flooded with salvage wood, and it drove down prices— especially for smaller diameter pine used in pulpwood and chip-n-saw” Jonathan said.
He added that Georgia’s forest industry is still experiencing the effects of oversupply. The state currently maintains a 1.3 growth-to-removal ratio for pine, meaning it grows 30% more wood annually than it harvests.
Last updated: 11 April 2025 | Next update: 15 July 2025
That dynamic—while beneficial for sustainability and meeting demand —has kept prices relatively flat since the 2008 recession. “Forestry is driven by supply and demand,” he explained.
“Georgia is good at growing wood. And when you grow more than you use, it puts downward pressure on pricing.”
Tariffs and trade policy also play a role. Much of Georgia’s southern yellow pine is exported to countries like Canada, Mexico and the UK, where it’s used for construction materials and biomass
For more information on pricing and reports, visit TimberMart-South online: timbermart-south.com
fuel. But shifts in global demand, energy mandates, tariffs, and paper use are changing what products are made—and where.
“We’ve lost a lot of traditional pulp mills,” Jonathan said. “But we’ve gained around 15 pellet mills that produce biomass for export.” These biomass facilities use roundwood to produce energy products, primarily wood
pellets, which are frequently exported to Europe to meet renewable energy goals—although the environmental cost of transatlantic shipping has drawn some questions, it still provides a viable outlet for timber growers to sell their pulpwood grade timber.
Pellet mills are similar to traditional pulp mills in that they often use lowerdiameter logs, providing an outlet for wood that might otherwise have little value. The transition has not entirely replaced the volume once consumed by paper production. TMS currently tracks 11 pulp and paper mills in the state, a number expected to drop to 10 by the end of the year due to an upcoming closure.
Jonathan noted that "some of the major players in this sector are publicly traded companies and are always analyzing where they can make the most money. The reality is the industry has more capacity to produce pulp, paper, and containerboard than we currently consume—globally.” As a result, companies continue to “shift production
toward more profitable product lines,” such as boxes or packaging, and away from traditional paper.
For landowners wondering whether to buy timber tracts, harvest timber ahead of development, or hold out for higher prices, Jonathan said it depends— primarily on timing and volume.
“It’s not just about how many acres you have,” he explained. “It’s about whether there’s enough timber volume to justify a logger moving equipment. Generally, you need at least 20 acres and 1,500–1,800 tons of timber to make it worthwhile.”
Timber Mart-South’s data shows the average timber tract size in the South is about 40–50 acres, but the real factor is stocking—or how much wood is on the land.
Jonathan also emphasized the importance of proper thinning and rotation, particularly for pine plantations. “A typical rotation is 20 to
30 years, with thinning around year 15,” he said. “If you hold past 30 years, trees grow slower, and you’re often just keeping them for aesthetics. The best return is replanting and starting the cycle over.”
Georgia’s timber industry remains one of the strongest in the nation. With an established network of mills, strong port access, and a culture of proactive forest management, Georgia’s timber economy is uniquely positioned for long-term resilience. As Timber Mart-South continues to monitor the market, landowners and stakeholders across the region can access the data they need to make informed decisions.
“Our role is to provide clear, unbiased information,” Jonathan said. “Whether you’re a landowner with 50 acres or a mill buying truckloads a day, we’re here to support a healthy, transparent timber economy.”
1385 Valentine Industrial Parkway
±120,000 Sq. Ft.
Jackson County | Pendergrass
544 Winfield Circle, Section B
±36,000 Sq. Ft.
Hart County | Hartwell
2175 Centennial Drive
±20,301 Sq. Ft.
Hall County | Gainesville
655 Bradford Street
±7,840 Sq. Ft.
Hall County | Gainesville
*IPG represented the tenant
2481 Hilton Drive, Suite 4
±4,797 Sq. Ft .
Hall County | Gainesville
1611 Fulenwider Road, Suite D & E
±4,900 Sq. Ft.
Hall County | Gainesville
2317 Danbury Lane, Suite A
±2,963 Sq. Ft.
Hall County | Gainesville
*IPG represented the tenant
2805 Ramsey Road
±2,808 Sq. Ft.
Hall County | Gainesville
• ±129,380 total sq. ft. for lease
• 9 dock high doors
• 1 drive-in door
• 14’ - 20’ ceiling height
• 40’ x 40’ column spacing
• Outside storage
• Employee breakroom
• Frontage on Hwy 78
• Easy access to the future Monroe bypass
• Available Summer 2025
200 CHERRY HILL RD Walton County (from cover)
±129,380 Sq. Ft. For Lease in Monroe, GA
Contact Drew, Floyd, or Palmer - ID #2169 FOR LEASE
1532 Ridgeway Church Rd
Jackson County
Build-to-Suit
±315,000 Sq. Ft.
Industrial Building
For Lease in Commerce, GA
±315,000 sq. ft. build-to-suit building for lease in Commerce, GA. Property features include ±70 dock spaces, 87 trailer spaces, and 224 car spaces. Great for regional supplier, OEM or distributor. Located across from SK Battery America and ±20.7 miles from the new inland port in Gainesville, GA. Easy access to I-85 via Exit 147 (Hwy 98) or Exit 149 (US 441).
Contact Drew, Floyd, or Palmer - ID #10786
Will Barton joined IPG in 2025 after graduating from the University of North Georgia with a dual degree in Finance and Accounting. A native of Cumming, Georgia, and graduate of North Forsyth High School, Will brings both analytical training and local insight to his role on the IPG team.
As an Analyst, Will supports the team through targeted outreach to property owners, tenants, and clients in IPG’s I-85 territory. His responsibilities include market research, database management, and assisting with showings. Will also assists with communications and marketing functions within the firm that help foster business development.
Looking ahead, Will strives to become a leading commercial sales professional along the I-85 corridor. With the guidance of IPG’s experienced brokers—and a deep-rooted network in Forsyth County where he grew up—he hopes to expand the firm’s reach into emerging markets across North Georgia. Commercial real estate runs in the family for Will, and he credits that background with helping him gain an early understanding of the industry.
Outside the office, you’ll likely find Will fishing— whether bass fishing on Lake Lanier or flats fishing on the Florida coast. He also enjoys cooking, especially the challenge of perfecting a recipe through trial and patience. An avid Braves fan, he rarely misses a game during the season, whether from TV at home or from the stands at Truist Park.
Starting rate for a full building deal with a multi-year lease.
Stephens County
±211,046 Sq. Ft.
Freestanding Building For Sale or Lease in Toccoa, GA
Contact Drew, Floyd, or Palmer - ID #3095
±211,046 sq. ft. industrial facility for sale or lease in Toccoa, GA. The building has a paved lay down yard, fenced truck court, ample parking (±185 spaces), 18 dock high doors, 2 drive-in doors, 13'8"-27' ceiling height, 27'6" x 30' and 25' x 50' column spacing, 120' truck court depth, and 800 & 1000A/480V power. Space could be divided. Great location between Atlanta and Greenville markets.
FOR LEASE
±200,000 sq. ft. industrial facility for lease in Gainesville, GA. Located in Gainesville Industrial Park West, the cross dock warehouse has ±1,200 sq. ft. of office space, 40 dock high doors, 2 drive-in doors, 28' ceiling height, 50' x 50' column spacing, ESFR sprinkler, and 100 paved parking spaces. Convenient to Oakwood, Gainesville, and I-985.
Hall County
±200,000 Sq. Ft. Freestanding Building For Lease in Gainesville, GA
Contact Drew, Floyd, or Palmer - ID #1624
Hall County
±114,240 Sq. Ft.
Industrial Building
For Lease in Flowery Branch, GA
±114,240 sq. ft. industrial building for lease in Flowery Branch, GA. Building features ±2,282 sq. ft. of office space, 22' clear ceiling height, 9 dock high doors, 1 drive-in door, 35' x 48' column spacing, wet sprinkler system (100% coverage), and 600 amp, 480/270 volts, 3-phase power. Less than one mile to I-985 via Exit 14. Great for warehouse or manufacturing.
Contact Drew, Floyd, or Palmer - ID #378
±4,842 - 72,215 sq. ft. industrial space available in Hartwell, GA. The building features include 4 dock high doors, 13' clear height, 39' x 30' column spacing, wet sprinkler system (100% coverage), 5" reinforced slab, 270' building depth, and 4,000 amp power. Convenient to I-85. Great for light manufacturing or warehousing. Building could also be purchased.
544
Hart County
±4,842 - 72,215 Sq. Ft. Industrial Space
Available in Hartwell, GA
Contact Drew, Floyd, or Palmer - ID #11441
AVAILABLE
±42,394 Sq. Ft. Industrial Space For Lease
Flowery Branch, GA
Hall County FOR LEASE
±42,394 sq. ft. industrial space for lease in Oakwood South Industrial Park. The space has 2 drive-in doors, 12 dock high doors, ±2,636 sq. ft. of office space, 22' clear height, 40' x 52' column spacing, LED motion sensor fixtures, 200A @ 277/480V, 3-phase power, 0.3 GPM over the most remote 3,000 SF sprinkler system, 120' truck court depth with 50" concrete pad and 70" heavy duty asphalt. Available August 2025.
Contact Drew, Floyd, or Palmer - ID #7504
±33,600 sq. ft. industrial space for lease in Pendergrass, GA. Located in Walnut Fork Industrial Park, the space has ±1,200 sq. ft. of office space, 22' clear height, 8 dock high doors (1 oversized 12' x 14'), 1 drivein door, 42' x 40' column spacing, ESFR sprinkler, LED motion sensor fixtures, 100 Amps @ 277/480V, 3-phase power, and 120' truck court depth with 50" concrete pad and 70" heavy duty asphalt. . Traffic light access to US Hwy 129 and convenient to I-85.
5974 US HWY 129 UNITS H-K Jackson County
±33,600 Sq. Ft. Industrial Space For Lease in Pendergrass, GA
Contact Drew, Floyd, or Palmer - ID #1620
Hall County
±16,700 Sq. Ft. Industrial Space For Lease
Gainesville, GA
±16,700 sq. ft. industrial space for lease in Gainesville, GA with ±5,610 sq. ft. of office space. Excellent for light manufacturing or warehouse/distribution. Features include 3-phase power, 18'-22' ceiling height, 30' x 40' column spacing, 2 dock high doors. Less than one mile to I-985. Available August 2025.
Contact Drew, Floyd, or Palmer - ID #1613
±14,400 sq. ft. single tenant building for lease on ±1.1 acre lot in Jefferson, GA. Office is build-to-suit. Building has 2 dock high doors, new LED interior lights, spray foam insulated walls, resealed parking lot, and fork lift ramp. Potential for industrial, commercial, or retail use. Only 6.5 miles to I-85 via Exit 137.
Contact Palmer, Drew, or Floyd - ID #26
75 STOREY ST Jackson County
±14,400 Sq. Ft. Industrial Building For Lease in Jefferson, GA FOR LEASE
FOR LEASE
±10,000 Sq. Ft. Industrial Building For Lease in Gainesville, GA
±10,000 sq. ft. clear span metal building for lease in Gainesville, GA. Zoned Heavy Industrial and located in Oakbrook Industrial Park. The ±1,344 sq. ft. office area has 3 private offices, conference room, and reception area. Features include 16' ceiling height, 2 dock high doors, 2 drive-in doors, and fenced outside storage. Easy access to I-985 at Exit 20.
Contact Drew, Floyd, or Palmer - ID #500
±4,797 - 9,594 sq. ft. warehouse / flex space for sale or lease in Gainesville, GA. Space is fully climate-controlled with a newly replaced 20-ton warehouse HVAC unit, 13'-16' clear ceiling height, 2 dock high doors, security system, and 3-phase power. Located in a high quality business park with easy access to I-985 at Exit 20.
±4,797 - 9,594 Sq. Ft. Office / Warehouse / Flex Space For Sale or Lease in Gainesville, GA
Contact Drew, Floyd, or Palmer - ID #8785
FOR SALE OR LEASE
±169 acres
Morgan County
±169 Acres
For Sale in Madison, GA
±169 acres for sale in Madison, GA.
Zoned I-2 Light Industrial with ±2,235 feet of frontage on Highway 83. Flat to gently rolling topography. All utilities at site. Prime industrial site would be excellent for Rivian or Caterpillar Suppliers. Will consider dividing and build-to-suit.
Gene ‐ ID #7774
±16.5 - 45.5 acre industrial site for sale in Commerce, GA. Owner open to build-to-suit. Only ±1.6 miles to I-85 via Exit 147 and located adjacent to SK Battery.
Contact Drew, Floyd, or Palmer ID #11012
±16.5 - 45.5 Acres For Sale in Commerce, GA
±16.5 - 45.5 acres
CORNOG RD
Franklin County
±13 Acres
For Sale in Lavonia, GA
Contact Drew - ID #6225
±13 acres for sale in Lavonia, GA. Flat to gently rolling topography. 6" Water and 6" Sewer (City of Lavonia).
Close proximity to retail, medical, and industrial businesses along I-85. Variety of potential uses including commercial, residential, or industrial. Only ±0.8 miles to I-85 at Exit 173.
*Owner is licensed in the State of Georgia
±10 acre IOS site for lease in Carnesville, GA. The site is cleared with security fencing. Great for trailer storage or large equipment. Convenient to both Atlanta and Greenville markets. Only ±1.2 miles to I-85 at Exit 164.
19 GOOLSBY RD Franklin County
±10 Acre IOS Site For Lease in Carnesville, GA
Contact Drew, Floyd, or Palmer ID #11504
±10 acres
#20 Hall County
±6.86 Acres For Sale in Oakwood, GA
±6.86 acre site available in Oakwood, GA. Site is located in Oakwood South Industrial Park. Commercial site with high visibility on McEver Rd. Traffic Count of 9,500 VPD. Only ±1.5 miles to I-985, Exit 14. Great option for shallow bay or flex warehouse development in growing South Hall corridor.
Contact Drew, Floyd, or Palmer ID #11010
±6.86 acres
±3.4 acre IOS site for lease in Gainesville, GA. Landlord will provide security fencing, gated entrance, security lighting, and gravel yard. Ideal for equipment storage, outside storage, trailer parking, or laydown yard with potential for ±79 trailer spaces. Build-tosuit opportunity: Up to ±80,000 Sq. Ft. with outside storage. Close proximity to major industrial businesses and convenient to Hwy 369, Hwy 53, and Atlanta Hwy. Only ±2.0 miles to I-985 and ±15.4 miles to I-85.
±3.4 Acre IOS Site
Contact Drew, Floyd, or Palmer ID #10456
±1.98-3.34 acres
Hall County
±3.34 Acres For Sale in Gainesville, GA
Contact Palmer, Drew, or Floyd ID #11443
±3.34 acres for sale in Gainesville, GA. The site is located at the entrance of the Blue Ridge Connector / Inland Port and is currently zoned AR-III/ IV. With potential for commercial redevelopment, the site could be ideal for IOS or industries serving port operations. Great location between Greenville and Atlanta markets with easy interstate and rail access. Only ±0.5 miles to Hwy 365 / I-985 N.
±1.98 acres for sale in Gainesville, GA. The site is located at the entrance of the Blue Ridge Connector / Inland Port and is currently zoned AR-III/ IV. With potential for commercial redevelopment, the site could be ideal for IOS or industries serving port operations. Great location between Greenville and Atlanta markets with easy interstate and rail access. Only ±0.5 miles to Hwy 365 / I-985 N.
±1.98 Acres For Sale in Gainesville, GA
Contact Palmer, Drew, or Floyd ID #11476
