Skip to main content Skip to footer

Atlanta Real Estate Market Trends | North Fulton Office Q2 2020

Download Report
NFulton_2019

Atlanta's North Fulton submarket landlords remain optimistic in the submarket's real estate market trends.

Key Takeaways

  • North Fulton absorption went back into negative territory this quarter as a number of smaller move-outs added up to an overall occupancy loss
  • Despite this, the submarket remains positive year-to-date at just under 100,000 square feet.
  • As a result of the negative activity, the overall vacancy rate increased for a second consecutive quarter; however, the uptick was only minor this period.
  • Rental rates continue to move upwards as all classes showed an increase this quarter. Landlords remain optimistic the increased vacancy is manageable, and demand is steady.
  • For the most part, fundamentals in North Fulton are sound; however, COVID-19's impact is beginning to be felt as a drop in new leasing was noticeable in Q2, and sublease availability is set to increase in the coming quarter.

2Q20_NFulton

Atlanta Real Estate Market Trends | North Fulton Office Q2 2020

Download Report
Related Experts

Drew Levine

Senior Vice President, Principal

Atlanta

I am a Senior Vice President in the Occupier Services Group, a Colliers group that exclusively represents tenants. I have successfully advised startups, high-growth, and established companies since 2011. My team delivers customized services on local, national, and global levels that allow companies to make well-informed, profit driven real estate decisions. I have been involved in a wide range of transactions, from small acquisitions for startup companies to campus projects for Fortune 500 companies. Our work has included relocation and expansion projects, consolidations and dispositions, headquarter planning, lease terminations and complete portfolio planning strategies for hundreds of leading technology, professional services, and manufacturing companies. We strive to deliver real estate business solutions that: add measurable value, reduce costs, decrease business operating risks, improve workplace performance, expand flexibility, and increase overall profitability.

View expert