The overall trend in office vacancy has been down since the depths of the recession. However, the last few months have seen a slowdown in the rate of absorption. With the consensus outlook for the economy being cruising along at "stall speed" the outlook is for continued, although slow, improvement. Reis doesn't expect the office vacancy rate to dip below 15% until 2014, a recovery that is half the speed of the last recovery.
The Atlanta Business Chronicle recently reported that there are two large office properties in distress. The owners of Colony Square in Midtown are close to defaulting on two loans on that property. Already in foreclosure is 245 Perimeter Center, whose owners tried and failed to restructure the debt on that property.
Do you need some property tax relief? Fall is in the air and the Georgia tax assessor's effective date of appraisal will be upon us sooner than we expect. January 1 is another year AND another tax year. Our clients are enjoying 2011 tax assessment savings of 21% on average. Are you? Contact us at property tax savings.
The Atlanta Business Chronicle recently reported that there are two large office properties in distress. The owners of Colony Square in Midtown are close to defaulting on two loans on that property. Already in foreclosure is 245 Perimeter Center, whose owners tried and failed to restructure the debt on that property.
Do you need some property tax relief? Fall is in the air and the Georgia tax assessor's effective date of appraisal will be upon us sooner than we expect. January 1 is another year AND another tax year. Our clients are enjoying 2011 tax assessment savings of 21% on average. Are you? Contact us at property tax savings.
