Key Take-Aways
• Investors have money, but are having a hard time finding purchases that meet their criteria
• Definitely seeing a drop off in new business; contractors are now seeing a slow down; people are pulling back and out on deals
• No real change in deals that were already in the pipeline; just slower moving through; self-storage still strong
• Still not seeing softening in pricing
• 3D virtual tours are a cost effective way to show space, since people aren’t ready to go out and visit space in person yet
• Spending this slower time upgrading websites, planning on future projects, business development
• Expect fall out in new retail construction because of amount of 2nd generation retail space that will be available
• Restaurant take-out business will become a permanent trend
• Gaming industry in Georgia could be major revenue generator to make up some of extreme budget cuts to come