By Madelyn Bearn
Market Analysts
Summary: Atlanta’s commercial real estate market saw a nearly 20% increase in investment sales volume in Q2 2024 compared to the same period in 2023, despite overall transactions lagging behind pre-pandemic levels. Growth was driven by multifamily and retail sectors, with multifamily sales rising 29% and retail up 37%. However, office sales declined by 10%. Out-of-state investors, accounting for over 80% of buyer volume, played a significant role in the market. While multifamily sales remain lower than historical averages, retail transactions have surpassed pre-pandemic levels. Rent growth has slowed, and capital market challenges continue to limit deal activity.