Unprecedented vacancy levels for I-20 West/Fulton industrial
Key I-20 West/Fulton Industrial Atlanta Submarket Trends
- With another positive quarter, I-20 West/Fulton Industrial’s year-to-date absorption now totals 3.6-million square feet.
- Vacancy has reached yet another record low in the submarket.
- As availabilities have dwindled, developers continue to respond. Construction activity increased to 2.8-million square feet in Q3.
- As demand for space in I-20 West/Fulton Industrial remains strong, leasing is only be hindered by the lack of space options.
I-20 West/Fulton Industrial Atlanta Submarket Q3 2021 Overview
The I-20 West/Fulton Industrial submarket experienced its tenth consecutive quarter with occupancy gains this quarter pushing the overall vacancy rate below 2% for the first time ever, and making the submarket the tightest in Atlanta in regards to space available. Third quarter’s activity was buoyed by activity from tenants between 100,000 to 400,000 square feet. Average rental rates in the submarket have responded in kind to the availability crunch, ending Q3 just below the $5/sf mark. Additionally, construction levels increased to 2.8-million square feet in order to meet continued demand for space in the market.