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I-20 West/Fulton Industrial Submarket Bounces Back in Q3 After Slow Start

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I20WFulton_2019

After a slow start to the year, occupancy gains year-to-date now top 2.4 million square feet.

Key Takeaways

  • The I-20 West/Fulton Industrial submarket had the second highest amount of space absorbed this quarter in Atlanta. After a slow start to the year, occupancy gains year-to-date now top 2.4 million square feet.
  • The submarket experienced the largest drop in vacant space this quarter thanks to occupancy gains. This was also achieved by this quarter’s absorption being significantly higher than the amount of space delivered. I-20 West/Fulton Industrial boasts the second lowest overall vacancy rate of Atlanta’s largest submarkets.
  • Although South Atlanta and Northeast Atlanta face a glut of new supply in the coming quarters, I-20 West/Fulton Industrial’s construction pipeline is fundamentally sound.
  • The third quarter will be the strongest of the year for the submarket. Still, positive gains are expected in Q4 which should result in a solid year of activity for I-20 West/Fulton Industrial.

3Q19_I20WFulton

I-20 West/Fulton Industrial Submarket Bounces Back in Q3 After Slow Start

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Related Experts

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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Scott Plomgren

Senior Vice President, Principal

Atlanta

 Scott began his real estate career in 2002 with McWhirter Realty Partners, a local Atlanta brokerage firm. Scott has experience partnering with both local and national clients.  Transaction history includes build to suits, site selection, & acquisitions and dispositions on both lease and sale basis. Noteworthy clients include MOL Logistics, MS International, Excel Foods, Wickmann USA, General Paper Goods and Audio America.

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