I-20 West/Fulton Industrial started the year off strong
Author: Scott Amoson
I-20 West/Fulton Industrial started the year off strong absorbing over 2.2 million square feet of industrial space, mostly due to Google’s data center occupancy. After Q1, absorption has been tepid, even posting two consecutive negative quarters.
- The lack of any positive activity in the submarket, coupled with new deliveries have resulted in the submarket’s industrial vacancy rate climbing to its highest level since Q1 2016.
- Space availability is plentiful in the 100K-300K square foot range. Beyond that, there are only 8 options in the submarket for larger prospects to choose.
- A few scheduled move-outs and relocations were the major factors contributing to the lack of any occupancy gain this year in the I-20 West/Fulton Industrial submarket. Heading into 2018, signs look more positive as a host of Q1 move-ins are expected to push absorption close to 1 million square feet here.