Absorption flattens, vacancy continues upwards for North Fulton.
It was somewhat of an uneventful quarter for North Fulton in terms of absorption. Although it was negative for a third consecutive period, the modest loss is more manageable compared to the previous two quarters which saw over 250,000 square feet of negative absorption. With Kimball Place delivering vacant in the second quarter, North Fulton’s overall vacancy rate increased to 16.6% which is the highest it has been since 2012. In spite of this, rental rates continue to trend upwards, even with elevated availability levels. The third quarter should see a return to positive absorption given Global Payments’ anticipated occupancy.
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.