The Latest CRE News from LPC Atlanta

Though Optimism Has Decreased, More Than Half See Continued Strength in U.S. Real Estate

Respondents to RCLCO Real Estate Advisers’ latest Market Sentiment Survey are feeling less optimistic about market conditions for the near to medium term, but believe the next U.S. real estate market downturn will not begin until 2019, according to results published by Urban Land Magazine.

Respondents predicted that maturing, but stable market conditions will continue for at least another year for most real estate sectors. Yet they remain cautious about when markets might tick over from late-stable to early-downturn conditions and just how much upside remains.

Survey results suggest the apartment and retail sectors will likely be the first to peak. Nearly 40 percent of respondents predict multifamily housing will be past its peak within the next year.

 

U.K. fashion retailer ASOS opening $40M Atlanta e-commerce center

British fashion retailer ASOS will open a new $40 million North American e-commerce fulfillment center in Atlanta’s Union City submarket in the fall of 2018, according to the Atlanta Business Chronicle. The center will create more than 1,600 jobs.

This fulfilment center will significantly enhance ASOS’ U.S. customer service, providing more cost effective, faster and more flexible delivery options. As part of its planned, phased development program, ASOS will initially invest $40 million to establish a 10-million-unit capacity facility with room for further future expansion.

According to ASOS’ CEO, the U.S. fulfilment center will enable the company to significantly enhance its position with its mostly 20-something U.S. customers, supporting continued growth.