ATLANTA — Certainly call it a sign of the times: areas that did not get as much focus some years back in commercial real estate are now under the spotlight.
Jeff Miller, president of Miller Real Estate Advisors, an Atlanta-based appraisal company, has seen some noted shifts in how CRE is appraised given the economic environment. Miller was one of the guest speakers at Member Business Solutions LLC's Credit Union Small Business Summit last week.
"When people were forecasting growth and rents, what may have made sense back then, doesn't make sense when things take a turn [for the worst]," Miller said.
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