ATLANTA-Cassidy Turley economist Kevin Thorpe believes that Atlanta has little exposure to the ill effects of sequestration and therefore should see stronger office and industrial leasing activity this year.
Thorpe did tell the Atlanta Business Chronicle that because Atlanta is a major distribution hub, the city may feel some impact from sequestration if the controversial policy begins to slow down U.S. economic growth.
“The real trump card for Atlanta is population growth and business growth,” he says. “People and businesses want to be in Atlanta long-term, and that really screams to me that it's once again emerging as a top five real estate market.”
While Thorpe expects stronger leasing activity, he notes that it is at least one to two years away before any new office tower is built in Atlanta; longer if that project is speculative. See story in the Atlanta Business Chronicle.
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