Q1 2023 Snapfinger/I-20 East Industrial Submarket Report

The Snapfinger I-20 East submarket recorded negative 285,309 square feet in Q1 to begin the year. This negative absorption paired with the vacant delivery of Covington Commerce Center Bldg 100 (210,645 sf) was enough to rise vacancy by 100 basis-points to a rate of 5.9%. Leasing activity also trended downward this quarter at just 133,694 square feet. This is the lowest amount of leasing activity for the submarket since 2020 Q2.

Published: May 18 | 2023 Download