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Atlanta Real Estate Market Trends | North Fulton Office Q4 2021

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NFulton_2019

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.  


North Fulton ends the tough year with more space given back.

Atlanta Real Estate Market Trends | North Fulton Office Q4 2021

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Drew Levine

Senior Vice President, Principal

Atlanta

I am a Senior Vice President in the Occupier Services Group, a Colliers group that exclusively represents tenants. I have successfully advised startups, high-growth, and established companies since 2011. My team delivers customized services on local, national, and global levels that allow companies to make well-informed, profit driven real estate decisions. I have been involved in a wide range of transactions, from small acquisitions for startup companies to campus projects for Fortune 500 companies. Our work has included relocation and expansion projects, consolidations and dispositions, headquarter planning, lease terminations and complete portfolio planning strategies for hundreds of leading technology, professional services, and manufacturing companies. We strive to deliver real estate business solutions that: add measurable value, reduce costs, decrease business operating risks, improve workplace performance, expand flexibility, and increase overall profitability.

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