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Atlanta I-20 West/Fulton witnesses its forth quarter of positive absorption

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I20WFulton_2019

The I-20 West/Fulton Industrial submarket witnessed its forth consecutive quarter of positive absorption in Q1. It was the second leading submarket in Atlanta in the modest quarter.

Key Takeaways

  • Switch's data center delivery and occupancy accounted for more than half of I-20 West/Fulton Industrial's positive absorption.
  • Overall vacancy increased for a second straight quarter as more inventory was delivered to the submarket than absorbed. There were two spec warehouses that came online totaling 462,380 square feet.
  • Although leasing activity was somewhat slow in Q1, Amazon's 1M square-foot lease following the end of the quarter represents the first deal of its size here since 2018; and only the second 1M square-foot deal ever in the submarket's history.
  • Amazon's lease should help boost the submarket's profile in attracting e-commerce related companies. Given COVID-19's negative impact on the economy, this could hedge vacancies here.

1Q20_I20WFulton

Atlanta I-20 West/Fulton witnesses its forth quarter of positive absorption

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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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