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GlobeSt.com UPDATE: Third-Quarter Office/Industrial Sales Lag

ATLANTA-Nine office deals on properties over 30,000 sf totaled 1.36 million sf and were valued at $153 million compared with last year's volume of $293 million, according to a new study by locally based Carter & Associates.

By Roxanna Guilford-Blake | Updated on November 12, 2001

ATLANTA-Carter and Associates third-quarter office and industrial market report reveals sharp drops in office and industrial sales. However, while the price of office property is dropping, the price per sf for industrial property is higher than 2000.

Two major forces will determine the opportunities for buyers and sellers in the Atlanta market, the report says.

They are uncertain or falling tenant demand, which will tend to lower the value of investment real estate; and historically low interest rates and returns on alternative investments, which should tend to bolster or even increase the value of investment real estate.

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