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Ashley Capital Q&A: Tracking Atlanta’s CRE Trends in COVID-19 Era

Ashley Capital’s Tim Schneider, vice president of the Atlanta office who specializes in acquisitions and leasing, shares insights into the current state of the Atlanta market and trends that he’s seeing. It is interesting to check in on the latest opportunities, challenges and market fundamentals, amidst the spreading coronavirus pandemic.

Q: What are the top opportunities and challenges in the CRE industry currently?
A:
The top challenges that we see are weather, construction costs and the availability of professionals in the construction industry. These three elements combined make construction projects more expensive and cause an extended timeline for delivery.

Q: What’s changed over the past few years in Georgia’s / Atlanta’s commercial real estate market? Especially in the industrial real estate market?
Q:
The major change over the last few years is the size of the projects and the number of deals involving some aspect of ecommerce. This has created historic levels of leasing and construction activity.

Q: Do you see any impact from the Coronavirus pandemic on the Georgia / Southeast industrial market over the next few months?
A:
Since we are in unchartered territory with the situation evolving daily, it is very hard to predict the impact the virus will have on industrial real estate. That said, logistics businesses and the warehouse and distribution buildings that facilitate the movement of goods are critical right now in making necessary items available to people and companies, while millions across the country are at home. If Georgia’s governor elects to implement a statewide shutdown, businesses that are considered essential will continue to operate but will have to take the appropriate safety precautions to provide a safe work environment for their employees. Those that are not designated as essential will likely have to shut their doors for an undetermined period of time.


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Inside The Story

Read more at Ashley Capital ReportConnect With Ashley Capital’s Schneider

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition
  • ◦Lease
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