| Everyone struggled to make sense of the real estate market a year ago, Reznick co-managing principal Wes Hudson tells us, but trends have now emerged. In office, concessions and new space in Buckhead are hot. What's not: older buildings facing significant space improvements to remain competitive. Both retail and industrial are hurting now, Wes says. Big industrial deals (such as the Clorox deal in the Southcreek Industrial Park) are getting done, but that's not the norm. As for retail, ?it's brutally overbuilt.? The picture is brighter for multifamily, where stabilization could happen as early as this year (particularly in the Buckhead/Perimeter areas). New projects getting off the ground have 100% leasing, a strong public/private partnership, and/or a creative financing. Want more of Wes? infinite wisdom? Check him out as moderator at our first-ever Atlanta Breakfast and Schmooze on Tuesday. |
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