Following its worst quarter of negative absorption ever, North Fulton bounced back in Q4 seeing occupancy gains top 112,000 square feet. Equifax’s 97,000 sq. ft. move-in at 1015 Windward Ridge was the largest in the quarter.
- The positive absorption resulted in the submarket’s vacancy rate dropping 30 basis points (0.3%). Despite this, it is still at its highest level since 2014.
- North Fulton saw a handful of large lease transactions in the fourth quarter. A couple of deals came from tenants already located in the submarket which will limit the net positive eff ect of these.
- The Class A average rent in the submarket increased practically every quarter in the year. Although it is beginning to show signs of plateauing, for now the rate remains in record territory.
- After a somewhat mediocre and negative year of absorption, North Fulton should see more positive levels in 2019.