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Atlanta I-20 West/Fulton Industrial corridor as strong as ever in Q4 2019

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I20WFulton_2019

Demand along Atlanta's I-20 West industrial corridor was as strong as it has ever been in the fourth quarter of 2019.

Key Takeaways

  • I-20 West/Fulton finished the year with a net total of just under 2.9 million square feet of industrial space absorbed. This marks the 9th consecutive year the submarket has experienced occupancy gains.
  • At 4.5%, overall vacancy in the submarket is at its lowest level ever recorded; this in spite of another 1.7 million square feet of new space delivered.
  • Demand along the I-20 West/Fulton industrial corridor is as strong as it has ever been. Both sub-sections of the submarket are experiencing continued leasing. 
  • In addition to low vacancy, the submarket finished with a 13% increase in its average rental rate. The highest jump occurred in warehouse product in Fulton Industrial which is up 24% YOY.
  • Being an in-demand submarket for last-mile logistics locations, I-20 West/Fulton Industrial is expected to see another solid year in 2020.

4Q19_I20WFulton

Atlanta I-20 West/Fulton Industrial corridor as strong as ever in Q4 2019

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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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