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Retail Investment Forecast Is Bright for 2002, CBRE Says

ATLANTA-The city's South Side and Gwinnett County are seeing a slight increase in activity this year because of their bargain sales prices. Low cap rates for single-tenant, net-leased properties in favorable locations such as the North Fulton County market are also getting investors' attention.

By Stacey Corso | Updated on March 12, 2002

ATLANTA-Despite the recession, retail assets have remained in favor among investors of all stripes throughout the region. And the forecast for the remainder of 2002 looks promising, according to locally based CB Richard Ellis Inc.’s Retail Investment Advisors Group.

Gary Saykaly, first vice president of the division, tells GlobeSt.com that although there has been a slowdown in retail investment activity since 1998, the overall market has been relatively healthy.

For starters, Atlanta has a large base of shopping centers: 1,500 in the metro Atlanta area, making it one of the largest retail markets in the Southeast, Saykaly states.

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