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I-20 West/Fulton Industrial Submarket Off to Slow Start in 2019

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I20WFulton_2019

Despite the slow start, I-20/Fulton Industrial saw the strongest leasing activity of any over submarket in the second quarter of 2019

Key Takeaways

  • Occupancy gains have been relatively weak in the first half of the year for the I-20 West/Fulton Industrial submarket. There have been few large move-ins here in the past six months.
  • The lackluster absorption, coupled with over 1.4 million square feet of newly delivered space year-to-date has resulted in the submarket's industrial vacancy increasing by 1.2% since the end of 2018; the highest of any other submarket in Atlanta.
  • Despite the slow start to the year, I-20 West/Fulton Industrial saw the strongest leasing activity of any other submarket in the second quarter. Stich Fix's 925,800 square-foot transaction is the second largest lease in Atlanta so far this year.
  • Newly started construction projects should help the submarket provide more availability to potential tenants seeking space.
  • I-20 West/Fulton Industrial will see a notable increase in absorption levels in the latter half of 2019.

 2Q19_I20WestHighlight 


I20WFulton2019

I-20 West/Fulton Industrial Submarket Off to Slow Start in 2019

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Harrison Marsteller

Senior Vice President, Principal

Atlanta

Harrison Marsteller began his career at Colliers International in Atlanta soon after graduating from University of Alabama with a BBA majoring in Finance and economics. Harrison joined the team of Sean Boswell, Darren Ross and Scott Plomgren, a team of industrial professionals with over 35 years of experience and 90,000,000 SF transacted. 

Harrison’s area of interest and expertise is primarily the Atlanta industrial market, particularly the I-20 West and Northeast Atlanta submarkets.  Harrison provides his clients with site selection, market research, financial analysis, and transactional services including leasing and purchasing new space and subleasing or selling excess space.

Harrison’s focus and dedication to meeting his clients’ needs provides him the ability to deliver outstanding service to both landlords and tenants.

 

 

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