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Atlanta Real Estate Market Trends | I-20W/Fulton Industrial Q1 2021

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I20WFulton_2019

Vacancy remains low in I-20 West/Fulton Industrial

Key I-20 West/Fulton Industrial Atlanta Submarket Trends

  • I-20 West/Fulton Industrial absorbed the second highest amount of space in Atlanta this quarter
  • Vacancy continues to remain below 4.0% in the submarket
  • Despite 1.1 million square feet delivered this quarter, construction levels remained elevated at 2.3 million square feet
  • I-20 West/Fulton Industrial's warehouse rental rate has increased 7.5% year-over-year

I-20 West/Fulton Industrial Atlanta Submarket Q1 2021 Overview

The I-20 West/Fulton Industrial submarket of Atlanta continues to see positive space absorption, this quarter's amount topping 1.2 million square feet. This was the second highest for the Atlanta market in the first quarter of 2021. Most of the occupancy gains came from tenants moving into spaces less than 200,000 square feet.

The submarket remains the largest industrial submarket in Atlanta with the lowest vacancy.

Because of the strong demand for space here, the average warehouse rental rate has increased 7.5% year-over-year. Activity is anticipated to stay positive for the submarket through the end of the year.

 

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Atlanta Real Estate Market Trends | I-20W/Fulton Industrial Q1 2021

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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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