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Atlanta Real Estate Market Trends | I-20 West/Fulton Industrial Q4 2021

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Real Estate Market Trends I-20 West Fulton County

Strong year again for I-20 West/Fulton industrial real estate market.

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

  • The I-20 West/Fulton Industrial submarket absorbed almost 1-million square feet in the final quarter of the year.
  • After reaching a record low value of 1.8%, overall vacancy increased slightly this quarter due to new space delivered.
  • The submarket’s average rent is the highest ever at almost $5/sf.
  • With newly delivered space adding to the submarket’s inventory, availabilities are increasing to meet the continued demand for space in the market.

I-20 West/Fulton Industrial Atlanta Submarket Q4 2021 Overview

Absorbing just under 1-million square feet of space in Q4, the I-20 West/Fulton Industrial submarket experienced its 11th consecutive positive quarter. Though not a record, the 4.6-million square feet absorbed during the year is this highest amount since 2018. The submarket’s overall vacancy rate showed a slight increase quarter-over-quarter, but is still down 140 basis points (1.4%) from this time last year. The uptick in the fourth quarter was a result of 1.2 million square feet of newly delivered space coming onto market, most of which was vacant. This is a good thing though as more space availability is added in the tight submarket.


Real Estate Market Trends I-20 West Atlanta

Atlanta Real Estate Market Trends | I-20 West/Fulton Industrial Q4 2021

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Harrison Marsteller

Senior Vice President, Principal

Atlanta

Over the past 8 years, Harrison Marsteller has become an integral part of the Colliers Industrial Agency team where he currently oversees a 6.5M SF portfolio of industrial assets, developments and build-to-suit opportunities. Through his experience, Harrison aligns his clients’ needs with a strategic approach and unparalleled market knowledge that allows them to maximize the value of their real estate portfolio. He has served as a single point of contact to a variety of institutional owners including private and public REITs, pension funds, insurance companies and developers. 

In addition to his experience on the agency side, Harrison focuses on site selection, identifying development opportunities for both owners and users as they look to expand their footprint in the Atlanta MSA. His experience in all phases of the building cycle provides his clients with a unique perspective and helps them to identify opportunities regardless of the market conditions.

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