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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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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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