North Fulton office vacancy increases on negative absorption
A host of vacancies this quarter resulted in North Fulton office occupancy losses totaling more than 200,000 square feet for a second straight quarter. This has pushed the submarket's overall vacancy rate to its highest level in eight years.
The absence of move-in activity was also a factor to the negative results this quarter with recent lager transactions not occupying until later this year. The overall rental rate for North Fulton remained mostly flat in Q1 and is expected to be pressured even further in future quarters as sublease availabilities have increased the most in the submarket since the pandemic began.
What you'll learn in this quarter's North Fulton Office Market Report:
- Vacancy and availability rates
- Absorption and leasing activity
- Office rental rates
- Construction activity
- Sales activity and cap rates
- North Fulton office predictions and forecasts
Download the full Colliers Atlanta North Fulton Office Market Report to learn more about the fundamentals shaping the Alpharetta, Cummings and Roswell area office submarket of Atlanta, GA.