[[{“value”:”
**Atlanta Office Investment Sales Lag Amid High Volume of Maturing Loans**
Office sales across the country totaled $23 billion in the first half of the year, with assets trading at an average price of $189 per square foot, according to a recent report from Yardi Research. In the Atlanta market, investment performance has shown relative stability. Office assets sold in Georgia this year averaged $163 per square foot—just slightly below the 2019 average of $168 per square foot.
Despite the relatively steady pricing, total sales volume in Atlanta has declined over the past three years compared to the period from 2019 to 2021. Additionally, several prominent office properties have sold at discounted prices. A key example is the office high-rise at 1100 Peachtree, which was acquired by Street Capital this May for nearly $140 million. The same building previously changed hands in 2007 for close to $154 million.
A concerning trend for the city’s commercial real estate market is the high volume of impending loan maturities. Atlanta currently faces the highest percentage of office loans maturing in the nation—50.5%, totaling more than $11 billion—posing significant challenges for property owners and investors alike.
“}]]
