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Atlanta Real Estate Market Trends | I-20 West/Fulton Industrial Q2 2021

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Q2 occupancy gains push vacancy lower in I-20 West/Fulton Industrial

Key I-20 West/Fulton Industrial Atlanta Submarket Trends

  • The I-20 West/Fulton Industrial continues its record vacancy run, finishing Q2 at yet another record low.
  • For the second quarter in a row, the submarket’s net absorption totaled over 1-million square feet.
  • Developers are trying to stay ahead of demand, but available supply remains tight in I-20 West/Fulton Industrial.
  • The submarket is expected to see further gains through the end of year, keeping record vacancy levels at unprecedented lows.

I-20 West/Fulton Industrial Atlanta Submarket Q2 2021 Overview

Led by smaller tenant occupancies, the I-20 West/Fulton Industrial submarket absorbed just over 1-million square feet in the second quarter. This represents the fourth time in five quarters levels have topped 1-million square feet. As a result, the submarket’s market-leading low vacancy rate has declined 150 basis points (1.5%) year-over-year. Developers are doing their best to keep up with demand, however, most of the space under construction has already been leased leading to continued availability constraints. I-20 West/Fulton Industrial could see overall vacancy below 2% by the end of the year.


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Atlanta Real Estate Market Trends | I-20 West/Fulton Industrial Q2 2021

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Scott Amoson

Director - Research

Atlanta

Scott is the Director of Research for Colliers International in Atlanta, Georgia.  In his role, Scott supports all of the company's brokers in the Atlanta office.  He also manages the Research Associate in the company, and mentors an intern annually during the summer.

Scott began his real estate career in 2000 as a research assistant with Richard Bowers & Co., a local brokerage firm.  He joined Colliers International in Atlanta in 2003.  Scott specializes in aiding the company's clients with geographical, informational and analytical research.  With his extensive knowledge, he provides customized research data including:  market trends, lease and sales comparables, plats/ownership information, demographics, prospect information and economic information.  In addition to supporting the company's brokers and staff, his other responsibilities include compiling and writing quarterly market and submarket newsletters, maintaining the company's internal database of over 10,000 sales and lease transactions, and tracking news/trends related to Atlanta's commercial real estate market.  He is frequently called upon by local news sources for his knowledge and expertise of real estate matters in Atlanta.

As a member of the Colliers International Research Council, he advises on quarterly conference calls and provides valuable input on matters directing the research platform for Colliers International.  Scott was recently selected as the Research Ambassador for the Southeast Region as a part of Colliers International's Centers of Excellence platform.

Scott is a native of Atlanta, and enjoys spending time with his wife Lupe and daughter Sienna.  He is an avid golfer and loves vacationing with family.

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