Atlanta CRE market not as bad off as many
Atlanta Business Chronicle reports: The Big Peach’s commercial real estate market isn’t spoiling as fast as those in other cities.
Atlanta is the 44th most distressed market out of 59 U.S. markets tracked by Real Capital Analytics, a New York firm that monitors capital investment in real estate.
The report includes shopping malls, apartment complexes and undeveloped land whose owners can face an array of financial challenges in the next several months, including looming debt maturities, potential foreclosure and bankruptcy.
Worst off is Las Vegas, with 152 properties worth $9.4 billion in distress. Other hard hit markets include Manhattan and Chicago.
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Posted by: Nina Turner