Atlanta Intown November 2020 – Key Takeaways

• Leasing work has been busy on tenant and landlord side.  Lots of separations; but also leasing transactions of smaller spaces continues.
• Industrial and residential real estate is still very hot.  Internet based sales business, distribution, etc. all looking for space.
• Lot of year-end tax planning occurring.
• The Port is driving residential and industrial deals in Savannah.
• Retail continues to be difficult from a development perspective; banks are much more selective now.
• Braselton is a hot area now for retail, multi-family due to population growth over the past 10 years.
• Residential developers are looking for land.
• Several assets coming up on auction include an industrial property in Douglasville, and land assets in Lawrenceville and Douglasville.
• Hospitality and retail properties are under significant stress and takebacks, but are still trading and turning, even with significant environmental issues if the price is right.
• Attticus LeBlanc gave an excellent presentation about PadSplit, a company that provides furnished housing opportunities to low-income professionals.