BAP Blog
Atlanta commercial real estate - Joel Owens
Atlanta commercial real estate - Joel Owens
The Atlanta commercial real estate market has lately been showing signs of a slight recovery.
The recovery is depending on whether the commercial asset lies in an urban core,suburban,or rural setting.We also call these primary,secondary and tertiary markets.
Right now the Mulifamily asset class is poised for the soonest recovery.Many developers have held off on building new apartments waiting for the economy to get better.With jobs being more transient these days and baby boomers downsizing aprtments are becoming in more demand than houses.
Lack of supply with Multifamily will lead to less vacancy and an increase in rents per unit.
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