Abe Schear Quoted in AJC Article on Mounting Pressure Faced by Atlanta Commercial Real Estate Market

AGG Real Estate partner Abe Schear was quoted in a May 11, 2023, article published by the Atlanta Journal-Constitution titled, “Atlanta Awaits Office Market ‘Reckoning’ as Financial Pressure Mounts.” The article details factors challenging the Atlanta commercial real estate market, including high interest rates and businesses needing less office space due to the popularity of hybrid and remote work.

Abe told the AJC that office buildings that rely on one tenant are more at risk and that layoffs or profit downturns could drastically impact a company’s leasing plans.

“They stand at a greater risk of being wonderful one day and being in a big problem the next,” Abe said.

To read the full article, please click here.