Atlanta Intown August 2021 – Key Takeaways
- Having difficulty getting landlord reps to answer the phone or return calls. (Slutzky Realty Group)
- The market is hot for single tenant and ground lease deals right now. Investment Sales/Brokers are saying not much is in the pipeline because it’s too expensive to build right now. (Knight Commercial Real Estate)
- Pivoting business model and going the industrial route. Industrial is hot and showing no signs of slowdown. (Knight Commercial Real Estate)
- Steel prices are still high; industrial rents are rising; costs 60% more to build . (multiple)
- Self-storage is still a hot commodity and properties move quickly. (Commercial Realty Services of West Georgia)
- Banks seem to have money to lend; 1031 volume is still increasing slightly. (Atlanta Deferred Exchange)
- Senate approved the 3rd reconciliation bill with amendments. 1031s should stay as is based on this. (Atlanta Deferred Exchange)
- ASTM (American Society for Testing and Materials) is issuing new standards and the biggest change is standards related to PFOS, a chemical found in many items (pizza packages, microwave popcorn bags, Scotchguard, shampoos, fast food packaging etc. New standard requires that you look for PFOS in your assessments. (AKT Peerless)
- Staying busy with acquisitions, leasing in Edgewood, expansion for a law firm. (Atlanta Leasing & Investment)
- Site in Hall County @ Friendship Road is going for $300k/acre which is the highwater mark, particularly for something that far away from city center. (William B. Hare)
Recent Comments