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Atlanta Real Estate Market Trends | I-20 West/Fulton Industrial Q3 2021

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I20WFulton_2019

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.


Q3 industrial report

Atlanta Real Estate Market Trends | I-20 West/Fulton Industrial Q3 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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