There are a few words to describe Atlanta’s commercial real estate scene in 2023: Transitional. Challenging. Sobering. But perhaps the most representative word for the year that was, above all, defined by the highest interest rates in decades? Purgatory, said RADCO Cos. founder Norm Radow. “Sellers know they’re going to hell, but they’re grabbing on and delaying what will happen,” Radow said. The year started off with some hopeful signs for office when MARTA expanded with a 130K SF lease in Uptown Atlanta, taking space previously occupied by AT&T. AT&T even brought some hope back for a return-to-office trend when it leased 120K SF at 1277 Lenox Park Blvd., a building that… Read the full story here. |