ATLANTA—Though lagging in the recovery, Atlanta has emerged as a market to watch. How do economic developers plan to fuel continued investment? What do top transaction specialists see as the biggest opportunity in 2015? What challenges accompany opportunity across all property types?
Atlanta’s commercial real estate leadership will addresses the state of the market across the region at RealShare Atlanta on April 30. In the meantime, we caught up with Mac McCall, regional managing partner at Franklin Street, to get his take on the market. McCall will be at RealShare Atlanta participating in the “Power Panel: The State of Atlanta Real Estate.”
“The market continues to improve across all sectors,” McCall tells GlobeSt.com. “On the retail front, lack of new space continues to force retailers to be aggressive and pay higher rents, especially in tough infill markets.”
What about investors? McCall says buyer demand remains at all-time high for well-located assets as supply is tight and low interest rates and aggressive lenders are allowing buyers to stretch.
“Tenants continue to modify their expansion strategies as omni-channel retailers continue to tinker with their footprint sizes and how their online sales platform compliment one another,” McCall says. “This will continue to present opportunities for expanding retailers although there will be challenges on how to modify existing spaces for smaller users, especially in down sizing boxes. Restaurants continue to lead the way in expansion as fast-casual players grab market share and look for suitable spaces for lease.”