North Fulton ends the tough year with more space given back.
Similar to the Atlanta office market as a whole, North Fulton experienced a rough start to the year, unable to recover from the vacancy hole created. Additionally, the submarket capped off 2021 with a market-leading occupancy loss in the fourth quarter. Small vacancies and the large move-out by Change Healthcare at Deerfield Corporate Centre led to negative absorption totaling (129,000)-square feet in Q4. This, along with 317,000-square feet of new space delivered, has pushed North Fulton’s vacancy rate to an 18-year high. Not much is expected to change to start the new year; however, office leasing has begun to pick up, meaning better times later in the year.
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.
