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.