News
RETAIL FLATTENS
January 25, 2011
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| The numbers say it all. Following decimation, Atlanta's retail real estate is on the rebound. The latest REIS figures show ever so slight positive absorption in metro Atlanta during the latter half of 2010. Of course, rebound is relative, given the sheer loss of retail tenants during the previous two years. Ackerman & Co's Jeff Rosenthal says the periphery strip centers are still struggling with less consumer traffic, but ?I think that grocery-anchored centers are seeing more activity.? How long the retail sector will bump along a bottom remains to be seen and depends on how willing consumers are ready to spend money again, Jeff says. |
