Atlanta November 2022 – Key Takeaways
- Lot of activity with deals trying to be closed by end of the month and end of the year (Menden Freiman)
- Non-profit facilities may be exempt from RE taxes, but important to do your research and make sure that exemption applies (MendenFreiman)
- Some companies are starting to let go employees. Good news is good folks are entering the labor pool (Menden Freiman)
- Labor force is still key for next year; finding reliable staff is still difficult (multiple)
- Definitely seeing a “pause” on deals due to higher interest rates (multiple)
- Lenders doing much more due diligence and making sure all i’s dotted and t’s crossed (Fifth Third Bank)
- Still seeing supply chain issues, delays and costs (multiple)
- Changing environment – 6 months ago anyone could get a loan to build industrial; now almost no one can. Fewer lenders funding the deals (AD Commercial Real Estate)
- Keeping relationships with tenants and being flexible is very important on the Property Management side (Full Circle Realty)
- Lot of discussion about interest rates and inflation: whether to sell now or wait; holding cash now seems to be a good idea (multiple)
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