Office Demolitions Are On The Rise, Even Where It Was Recently ‘Unimaginable’
Even office buildings constructed in the 21st century aren’t safe from the wrecking ball.
As owners of commercial properties in Atlanta’s suburbs grapple with anemic demand and values that have plummeted in recent years, many are coming to the realization that their buildings — even those that haven’t yet celebrated their 25th birthday — are worth no more than the land they’re built on.
In recent months, more and more buildings are being sold to developers who plan on tearing them down to make way for newer, more desirable commercial projects.
Even office buildings constructed in the 21st century aren’t safe from the wrecking ball.
As owners of commercial properties in Atlanta’s suburbs grapple with anemic demand and values that have plummeted in recent years, many are coming to the realization… Read MoreBisnow News Feed
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