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Overall rental rates in North Fulton continue to trend upwards in Q3

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NFulton_2019

Rental rates in Atlanta's North Fulton Submarket continue to trend upwards thanks in part to steady demand for space.

Key Takeaways

  • Absorption activity was quiet in the third quarter for North Fulton. The submarket was pretty balanced between the total amount of move-ins and move-outs this quarter.
  • With Jackson Healthcare’s expansion confirmed to have delivered in Q1, the year-to-date absorption for the submarket total now stands at 503,000 square feet which is the highest in the Atlanta market.
  • North Fulton’s overall vacancy rate has maintained a steady level over the past year at, or around 12%.
  • The submarket is seeing lots of intra-market moves whereby companies are leasing updated Class A space for a premium, with some of these tenants reducing their overall office footprint.
  • Overall rental rates continue to trend upwards here thanks in part to steady demand for space.
  • North Fulton is expected to finish the year strong with new occupancies scheduled to take place in Q4.

3Q19_NFulton

Overall rental rates in North Fulton continue to trend upwards in Q3

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