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.
