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With all the activity in Midtown – office, grocery and the 256-unit project on Spring Street New South Construction is building – it’s easy to focus there for CRE news. But what’s going on elsewhere?
In the last month, Buckhead’s second largest office tower, which is 78% leased, sold for $137.5 million. And in downtown Decatur, the Wells Fargo building was sold for $28.4 million, while in Alpharetta, Fiserv Inc.’s home was sold for $93 million.
These buildings were all purchased by companies not based in Atlanta and indicate our market is strong, which investors continue to notice.
– Sarah Funderburk, SPR Atlanta
3 comments
Great point sarah, the atlanta real estate market has been doing great. looking at last years numbers on Trulia ( https://www.trulia.com/real_estate/Atlanta-Georgia/market-trends/ ), we see 2016 was a great year.
I work at Aramis Realty ( https://aramisrealty.com/ ) and we try to stay up to date on the local market for our clients.
I was wondering if you had a clear outlook for 2017 or you’re still putting everything together?
Looking forward to hearing what you have to say! – James
THANKS FOR YOUR COMMENT, JAMES. THIS PARTICULAR STORY WAS MORE ABOUT COMMERCIAL REAL ESTATE, AND THERE ARE MANY RESOURCES THAT COULD TELL YOU MORE ABOUT THE CRE OUTLOOK FOR 2017. LET ME KNOW IF YOU’D LIKE ME TO POINT YOU IN THE RIGHT DIRECTION, OR JUST KEEP READING THE ATLANTA 100!
Hi Sarah! Thanks for the reply, I’ll definitely keep reading! If you have some resources for residential, that’d be great as well!
James @ http://www.aramisrealty.com