What does 2010 hold for Commercial Real Estate? The below video is an interview with the CEO of, a competitor, Newmarket Knight Frank. Hear Barry Gosin’s outlook on the commercial real estate industry as a whole. I’ll give my own “expert” prediction for Office Space in Atlanta next week.
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Expert Prediction on What 2010 Holds for Commercial Real Estate
Commercial Real Estate Expert says “Vacancies Will Fill at 30% Lower Rates
Sam Zell, chairperson of the board for Equity Group Investments, said in an interview that “Commercial Real Estate vacancies will fill at 30% lower rates.” Really? For office space landlords, I hope not… For my office tenant clients, wouldn’t that be nice? Personally, I don’t think that rental rates will...
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Atlanta’s Third Quarter Office Market Report
The commercial real estate firm that I work for, Colliers International, has recently issued its 3rd quarter Atlanta office market report, and the headline reads “Atlanta Office Vacancies Continue Piling up”. Here are the highlights of the report:
- 3rd Quarter wasn’t as bad as 2nd Quarter concerning negative absorption
- Occupancy dropped another 313,000 SF...
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Patrick Braswell
Principal
Scotland Wright Associates