Atlanta Perimeter November 2020 – Key Take-Aways

• Seeing some pick up in retail leases and year-end transactions; year-end planning.
• Hoping to see work move from compliance to transactional.
• Most companies have seen income at or better than last year’s levels.
• Science, technology and pharmaceutical and industrial/manufacturing  markets are strong.
• COVID vaccine storage will represent some building opportunities and challenges for cold storage facilities.
• Several reports of uptick in COVID cases; important to continue to follow guidelines and be diligent re: social distancing, mask wearing, etc.
• There’s an expectation that the death of shopping malls will accelerate after the holidays.
• Expecting to see foreclosure work in the hotel/motel/hospitality/office space in the coming months.
• Starting to see some environmental work around PFAS,  a group of man-made chemicals that are found in many household products and in the environment.
• According to an economist’s report, COVID is the recession; until it is addressed travel, office space, hospitality industry will not come back.  Interest rates will continue to stay unchanged for the next few years.
• Pete Byford and Whitney Ferguson from the Tax Advantage Group by Cherry Bekaert gave an excellent presentation on the New Markets Tax Credit Program.