Atlanta September 2022 – Key Takeaways
- Management fees and administrative fees are typically delineated separately in leases. Management fees are percentage of revenue/rent collections; administrative fees are a percentage of operating expenses. (All)
- Entitlements are still hard to get and take a long time. (Knight Commercial Real Estate)
- Still seeing supply chain issues: The lead time for new construction (on projects that haven’t even closed yet): 52 weeks for new roof; pipe 48 weeks out; transformers – 60 weeks out. Pricing (and availability) for steel and concrete is improving. (Knight Commercial Real Estate)
- Cap rates are starting to move up because of interest rates and people on the buy side are looking closer at deals.
- Having more difficulty moving properties (either sale or lease) than earlier. (ATL Commercial Real Estate)
- Developing and nurturing relationships with your clients is key; communicating with them throughout the process and developing their trust makes things easier when you do hit rough spots. (AD Commercial)
- Leasing on the industrial side is still hot, but with interest rate hikes, some sales are getting dicey. (Georgetown Partnership)
- CoStar Group joined the S&P 500 last week. (CoStar)
Recent Comments