Developers, users cozy up to condominiums

The benefits of owning their own buildings, combined with a lack of single-user facilities for sale, is driving demand for office, office/warehouse and (to a limited extent) retail condominiums among Atlanta-area businesses.

Developers, meanwhile, often find working this niche of the property market more profitable in submarkets where, although occupancy is healthy, rents may be low…

Farther north, The Griffin Co. sold out its 11,600-square-foot 50 Old Ivy office development in Buckhead upon completion last summer. Meanwhile, half of the 90,000 square feet of office on tap for its planned Centennial Walk mixed-use development in Roswell will be of the for-sale variety, according to Griffin Senior Vice President Kirk Demetrops…

Originally Published in the Atlanta Business Chronicle.

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