RCA in the commercial property press:

Atlanta Retail Interests Out-of-State Investors

Globe St. reports: The local retail sector presents opportunities for investors, especially those from outside Georgia and, for that matter, the US. Continued declines in job and population growth, along with weak consumer sentiment, will likely mean minimal development of new centers plus the possibility of more distressed properties coming to market.

Once a beacon of the booming national economy, Atlanta is now expected to lag many of the nation’s major metropolitan markets in the expected recovery. However, in the retail sector Atlanta shopping centers are drawing attention from out-of-state investors and activity is predicted to rise in 2010.

Real Capital Analytics recorded 20 retail deals in the Atlanta market throughout 2009, totaling $305 million.

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Posted by: Nina Turner

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