Commercial Property Values Impacted by Higher Interest Rates
Over the last couple of years, the Atlanta commercial real
estate market has seen a rapid rise in valuations. The assessors have been tasked with "getting
the values up". Even though retail properties
have seen their vacancies drop to a record low of 3.6%, with rents growing 5.7%,
industrial properties seem to be slowing down.
Atlanta industrial properties have seen seven straight quarters of
rising vacancies. Industrial vacancies have gone from 3.9% to 6.1%. Office vacancies are forecast to go to a record 17%
over the next year. Rents are projected
to decline by over 2% this year. Multi-family
properties have seen their vacancy rates go from 6.1% in 2021 to 12.2%. Closed multi-family transactions in Atlanta have seen a
70% decrease from 2022. Elevated interest
rates are behind the investment slowdown.
With the market slowing overall, it is time the assessors give back some
of the inflated assessments seen over the last few years.
If you have been directly impacted by current downturn we can help you reduce your value.
Our Service Values Communication
We answer every call and respond to all voicemail and email messages without delay.
What We Do For You
Our expert staff collaborates with other professionals to design and implement an effective tax appeal
We prepare an opinion of value based upon Comparable Sales, Cost, and Income
We personally prepare and deliver your tax appeal
We document the process
We attend informal meetings with the assessors
We attend Board of Equalization meetings and submit all required data to the Boards
We respond to your email or phone call promptly
What Do You Need to Do?
Fill out the Service Agreement
Make your payment
Participate in a brief interview with our staff to discuss your property
Check your email for updates