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December 14, 2022

8 Highly Anticipated Atlanta Developments Delivering In 2023

Hear From Self-Storage Investors, Brokers, Developers & More As They Discuss The Future Of This Inflation-Hedging Asset Class Dec. 15

Next year in Metro Atlanta, developers plan to deliver more than 40M SF of industrial property, roughly 1.5M SF of new offices, nearly 500K SF of new retail space and thousands of new multifamily units.

After a year that started with a bang — construction starts totaled $4.2B in the first half, a 68% increase from the same period in 2021, according to Dodge Data & Analytics — construction activity has tailed off as inflation and interest rates make many new developments too risky.

But while the capital markets climate is paralyzing the industry today, the development already in motion is poised to bring even more change to the Atlanta region, with new movie studios, boutique offices, luxury apartments and sprawling data centers and warehouses opening their doors.

With assistance from data compiled by CBRE Atlanta, Avison Young and Haddow & Co., Bisnow presents the eight most anticipated commercial real estate deliveries for 2023.

Assembly Doraville

8 Highly Anticipated Atlanta Developments Delivering In 2023

DEVELOPER: Gray TV SIZE: 1M SF-plusUSE: Film and TV soundstages, plus supporting office and retailLOCATION: DoravilleAfter buying the unfinished Assembly site from Integral Group in 2021, GrayTV began in earnest, entirely self-financing construction of the first phase of content production campus located just off Interstate 285 at Motors Industrial…

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Amazon Shuttering Fabric.com Warehouse In Kennesaw

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Amazon is dropping the curtains on its Fabric.com distribution hub in Kennesaw, affecting more than 200 employees.The e-commerce retail giant filed plans with the Georgia Department of Labor to shutter its 200K SF fabric…

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‘You’re Not Going To See Us Make Mistakes’: Why Big Banks Are Pulling Back From CRE Financing

 

A lack of available debt is one of the biggest issues slowing commercial real estate development today, but institutional lenders say their pullback is rational given the risks in the market. 

"You can sit there and say the lender is the boogeyman, but one of the mantras in our hallway is, ‘The best way to make money in fixed income is not to lose it,'" Northwestern Mutual Regional Director Eric Ekeroth said at a Bisnow event last week. "So we’re not going to take risks until it feels like we understand it.”

Read the full story here.

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As Rents Spike, So Does The Push For Rent Control

With housing costs hiking steadily upward throughout 2022 and little relief in sight, the age-old rent control debate resurfaced in markets as far-flung and politically disparate as California and Florida, and the idea is expected to gain momentum in the new year.

Though rent control has gained only spotty traction throughout the years, renewed efforts could find purchase in states and municipalities across the country, setting in motion changes for the multifamily property sector that has seen exponential growth in the last decade.

Read the full story here.

 
 
 
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