ATLANTA—Monetha Cobb, managing director of Franklin Street of Atlanta, is seeing bidding wars for restaurant space in Atlanta. Against that backdrop, she gave us a run down of the new retail development in the city. There's good news and bad news for retailers looking to expand.
“There are numerous new developments occurring, but in very focused areas and asset classes,” Cobb tells GlobeSt.com. “Most large-scale projects in-town focus more on multifamily or office due to the pricing and demand for those sectors.”
Cobb is quick to note that retail may be a component of the office and multifamily projects. That's good news. The bad news is she isn't currently seeing any large-scale, retail-driven developments underway.
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