Skip to main content Skip to footer

North Fulton Submarket Leads the Atlanta Office Market in Occupancy Gains in Q2 2019

Download Report
Hero Image2019Office

After consecutive quarters of little to no positive absorption, North Fulton absorbed its highest amount of office space in a year.

Key Takeaways

  • After consecutive quarters of little to no positive absorption, North Fulton absorbed its highest amount of office space in a year. The submarket led the Atlanta office market in occupancy gains this quarter.
  • McKesson's 104,000 square-foot occupancy at Sanctuary Park was the largest in Atlanta in Q2. Elsewhere in the submarket, Veeam and Delta Dental each expanded by significant amounts.
  • As a result of the occupancy gains, Class A vacancy is down to its lowest rate in two and a half years.
  • Office rents increased yet again in the submarket. year-over-year the average is up 5.6%
  • Leasing remained strong this quarter with a few large leases completed in the submarket, including expansions. The positive activity bodes well for future occupancy gains here. North Fulton is anticipated to be one of Atlanta's leading submarkets in 2019.

 2Q19_Northfulton


2Q19_NFulton

North Fulton Submarket Leads the Atlanta Office Market in Occupancy Gains in Q2 2019

Download Report
Related Experts

Drew Levine

Senior Vice President, Principal

Atlanta

I am a Senior Vice President in the Occupier Services Group, a Colliers group that exclusively represents tenants. I have successfully advised startups, high-growth, and established companies since 2011. My team delivers customized services on local, national, and global levels that allow companies to make well-informed, profit driven real estate decisions. I have been involved in a wide range of transactions, from small acquisitions for startup companies to campus projects for Fortune 500 companies. Our work has included relocation and expansion projects, consolidations and dispositions, headquarter planning, lease terminations and complete portfolio planning strategies for hundreds of leading technology, professional services, and manufacturing companies. We strive to deliver real estate business solutions that: add measurable value, reduce costs, decrease business operating risks, improve workplace performance, expand flexibility, and increase overall profitability.

View expert