ATLANTA-Recent multifamily sales in and around Atlanta confirmthat the recovery is on solid ground. In fact, one localmultifamily broker contends that sales prices are at or exceedingthe peak levels reached in the mid to late 2000s.
Chris Span, an executive director withCushman & Wakefield's multifamily practice,says that what is driving the lofty prices for multifamily productin markets such as the Central Perimeter is that rents, which weredown by 25% at the height of the downturn, have climbed all the wayback, according to the Atlanta Business Chronicle.
“In many cases we have even bypassed peak rents of '07,” Spainnotes.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
