AJC.com reports that “the construction activity in Buckhead is “goofy.”
That description comes not from a disgruntled neighbor but the Urban Land Institute, a national organization of developers, many of whom are in Atlanta.
Buckhead absorbs less than 500,000 square feet of office space annually, but more than 2 million square feet is under construction, the report said.
ULI presented its annual Emerging Trends in Real Estate Report on Tuesday and once again Atlanta is portrayed as overbuilt and not a particularly attractive place to invest.”
SOURCE: ajc.com – Atlanta a poor choice for real estate investing, report says | ajc.com.