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Atlanta Real Estate Market Trends | North Fulton Office Q1 2020

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NFulton_2019

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.  


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Atlanta Real Estate Market Trends | North Fulton Office Q1 2020

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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.

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