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re: The actual upcoming real estate crisis. CRE loans and vacant office buildings
Posted on 9/26/23 at 10:50 am to TexasTiger33
Posted on 9/26/23 at 10:50 am to TexasTiger33
There's vacant office buildings all over Atlanta, yet they keep building more and more high rise commercial real estate. Head scratching to say the least.
1
Posted on 9/26/23 at 8:43 pm to ATLTiger7
You’re still seeing new development in Atlanta, Midtown especially, because there’s demand from large corporate users want to occupy the latest and greatest.
A ton of the A/B office product is being made obsolete because tenants are either looking to downsize and move to a more modern building, or they think that by relocating to a trophy asset with all of the amenities is going to help with employee retention as they bring people back in.
Hell, Invesco just left an only 15 year old building to lease 300,000sf at Midtown Union a couple blocks away.
A ton of the A/B office product is being made obsolete because tenants are either looking to downsize and move to a more modern building, or they think that by relocating to a trophy asset with all of the amenities is going to help with employee retention as they bring people back in.
Hell, Invesco just left an only 15 year old building to lease 300,000sf at Midtown Union a couple blocks away.
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