Investors continue to be attracted to Atlanta, due in part tothe area's continued economic expansion, evidenced by theanticipated job growth in nearly every sector, according to a thirdquarter retail research report by Marcus & Millichap RealEstate Investment Services.

According to a Colliers Spectrum Cauble fall retail marketreport, Atlanta had experienced $2.41 billion in shopping centersales year-to-date. This compares with a total of $1.26 billion insales for 2006. In 2007, the average price per sf for the sales was$140 and the average median cap rate was 6.6%. This compares withan average price of $154 per sf and median cap rate of 7.34% in2006.

"The investment outlook for Atlanta retail properties ispositive, providing investors with healthy initial yields andprospects for long-term future revenue growth," says Marcus &Millichap Atlanta office regional manager John Leonard.