Atlanta Distress Totals Could Be Worse
Wednesday, August 05, 2009
Source: GlobeSt
GlobeSt reports: The amount of distressed assets locally looks bad at first blush, but could be worse in the bigger picture. Real Capital Analytics has recorded nearly $2.3 billion worth of troubled commercial real estate here, largely in the retail and apartment sectors.
Although Atlanta ranks 44th in the US in distress, it's second in the Southeast behind Miami, which has double the amount at nearly $4.6 million and is ranked seventh nationwide. Atlanta also pales in comparison to other markets across the country such as Las Vegas, with $9.4 billion, and Manhattan, with $8 billion.
See RCA's market-level commercial real estate distress reports.
View the full article on GlobeSt: Atlanta Distress Totals Could Be Worse
Posted by: Nina Turner