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Submarket Overview

United States | Atlanta, GA

Report | Atlanta North Fulton View From Above - Q1 2011

Summary

North Fulton led Metro Atlanta demand during first quarter, recording 280,000 square feet of gains. Vacancies have been trending downward here, particularly in the Class A buildings, where the vacancy rate has now fallen to a pre-recessionary level of 16.5 percent. Asking prices have flattened in the last six months and the direct average rate was $18.25 per square foot at the end of first quarter. As employment in the technology sector improves, so do real estate fundamentals in North Fulton. The area is likely to be one of the earlier submarkets to see rental rates upswing in the coming quarters. 

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