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Atlanta Real Estate Market Trends | I-20W/Fulton Industrial Q2 2020

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I20WFulton_2019

The I-20 West/Fulton industrial submarket led the Atlanta market in occupancy gains this quarter with 2 million square feet of absorbed.

Key Takeaways

  • Amazon's occupancy at Chattahoochee Logistics Center was the largest move-in for the Atlanta market in Q2. The submarket also saw numerous occupancies from tenants ranging between 100,000-200,000 square feet.
  • I-20 West/Fulton industrial experienced the largest drop in its vacancy rate this quarter compared to other submarkets. It is at its lowest rate ever recorded at 3.8%.
  • Though construction levels dropped in the second quarter, they are expected to pick up significantly in Q3 as the submarket is short on supply.
  • The submarket should finish the year in positive territory, but supply constraints have limited leasing as of late which could dampen occupancy gains in the latter half of the year.

2Q20_I20WFulton

Atlanta Real Estate Market Trends | I-20W/Fulton Industrial Q2 2020

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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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