Metro Area Retail Investment Sales Still Strong

ATLANTA-Buoyed by above average job and population growth, the retail investment sales market will continue to be strong throughout the year, according to market reports.

Investors continue to be attracted to Atlanta, due in part to the area’s continued economic expansion, evidenced by the anticipated job growth in nearly every sector, according to a third quarter retail research report by Marcus & Millichap Real Estate Investment Services.

According to a Colliers Spectrum Cauble fall retail market report, Atlanta had experienced $2.41 billion in shopping center sales year-to-date. This compares with a total of $1.26 billion in sales 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 with an average price of $154 per sf and median cap rate of 7.34% in 2006.