Atlanta Intown November – Key Takeaways
- There’s a real push to get deals done; closed; buy/sell under the current tax regime and before the end of the year. (Chamberlain Hrdlicka)
- Ground up industrial development; different approaches to acquiring and developing property; double contracts; using other people’s money v. getting a loan. (Chamberlain Hrdlicka)
- Still seeing leasing activity, but people are nervous because most tenants are high tech industries; not a nice mix of company types leasing; too heavily weighted in high tech. (Chamberlain Hrdlicka)
- Paradigm shift in retail: going from traditional, boutique and big box stores to dentists, service providers, veterinarians, etc. in retail space. (Chamberlain Hrdlicka)
- We won’t know what the office leasing situation will be until we go through a full rent roll cycle. Need to offer remote opportunities to recruit and retain talent (multiple), but it depends on the industry and the culture of the company. Difficult to train new professionals when they are 100% remote, but that’s what the younger workers want.
- Staying busy with leases and purchases; syndicating properties; seeing more requests for shorter term leases on larger spaces; taking longer to lease smaller spaces and the quality of leads is not quite what it was pre-pandemic. (ATL Leasing & Investment)
- Massell Capital Investments will be launching soon; syndicating properties. (Massell Commercial Real Estate)
- Feeding frenzy for land. (William B Hare Company)
- Newberger Andes sold $100 million industrial portfolio and spending $40 million on new single tenant retail; another $60 in 1031 exchanges.
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