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Atlanta Without Boundaries: Perception vs. Reality
Parker, Hudson, Rainer & Dobbs LLP partner Ken Kraft (here with wife Susan) says that the common perception about Atlanta is that it’s a city without any real boundaries, so there was never any constraint to growth and competition. However, since the 2008 crash, Ken says the lack of office development has increased the value of limited office stock, along with rents. He adds that the potential for rents to continue to rise has been very strong, accompanied by a perception that there is value in infill development. Since 2012, the law firm has seen intense focus on acquisition, with close to 30 office buildings valued in excess of $2B. For more info on our Bisnow partner, click here.
