Atlanta witnesses rise in investor interest

Investors increased interest in Atlanta properties during the third quarter.

Property management companies in Atlanta recently experienced an increase in investor activity for commercial properties in the city, according to a report from PricewaterhouseCoopers.

The Atlanta economy has recovered well, and the rental situation has thrived, due to this. A total of 20 percent of property owners increased rental rates during the third quarter, which was an improvement from the 14 percent recorded during the third quarter of 2011, the Atlanta Business Chronicle reported, citing PwC's report. The initial-year market rent change rate for the city rose more than 50 basis points, as well.

"There has been a leasing upswing, and more options to increase rental rates, but not yet by leaps and bounds," said Tim Trifilo, partner for PwC's financial services and real estate tax practice, according to the news source. "Next year is still going to be a challenge, but investors are buying into the anticipation of recovery."

Despite the improvements in rental prices and investor acquisitions, the Atlanta area is still dealing with some issues, the news source added. Additionally, PwC noted that this could affect the office market in the area, which should take until 2014 to reach recovery levels.

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