Key Takeaways
• Starting to see an uptick in office space leasing; seeing more activity and interest in buildings and space that’s available. There’s also a lot of activity in Opportunity Zone space. Tenant and landlord lease negotiations continue.
• The John Buck Company is looking to develop relationships and partner with companies in Atlanta for development opportunities.
• Demand for industrial space and land to build industrial space is still very strong.
• Not seeing any adjustments to land prices yet.
• Lots of properties listed for October/November auction to close deals by year-end; several value-add properties south of the airport listed.
• Banking deals are still tight; Tsunami of problems coming for banks when the 6 month deferral time limits run out over the next two months.
• Multi-tenant warehouse space occupancy rate is good; single tenant retail shops like Advanced Auto, Dollar General, Quick-Serve Restaurants, etc. are doing exceptionally well.
• Lenders are looking for quality real estate and quality tenant rosters; competing for deals. Owners and leasing agents are doing what’s needed to keep tenants, as many tenants are looking to downsize space or go virtual. There’s a question mark as to how sustainable virtual work spaces will be.
• Academy Sports is going public and looking to add 675 more stores, including the Atlanta market.
• Cap rates on multi-tenant development is going up, while cap rates on single-tenant are compressing.

Jim Durrett, President of the Buckhead Coalition gave an in-depth overview of the work that is underway to eventually bring the Buckhead Community Improvement District, the Buckhead Coalition, the Buckhead Business Association and Livable Buckhead under one umbrella. The missions of each individual organization will be maintained, but they will operate to advocate on behalf of the Buckhead community. There are many projects underway, including improving the streetscapes, ADA accessibility improvements, the PATH 400 trail and partnering with the Atlanta Police Department to discuss some of the issues that Buckhead is facing. They are also looking to broaden membership to increase diversity in age, race and gender.