Commercial real estate is property that is used exclusively for business purposes, providing workspace in the form of offices, retail stores, hotels or industrial nerve centers.
Commercial properties are either owned or leased out to tenants and can be as large as an entire shopping center or mall or as small as a convenience store.
Through this page you will have access to stories and infographics that identify the latest trends in commercial real estate and share the most recent industry news and updates on priority issues such as ADA lawsuit reform, energy efficiency and qualified business income deductions as well as programs like National Flood Insurance and Terrorism Risk Insurance.
Coronavirus Guidance: Commercial Real Estate
NAR has compiled a list resources to help guide commercial real estate professional as they navigate the changing landscape in the industry.
Coronavirus or not, investors are starting to take advantage of opportunity zones.
There are six active opportunity zone projects in Duluth worth approximately $125 million in investment with another six prospective projects in the pipeline.
In the past two years, while leases in malls for clothing retailers has declined by 10 percent, medical clinics being placed in malls has increased by 60 percent.
Amazon Headquarters may still be a couple of years away from being completed, but that doesn’t mean that its economic impact on the community hasn’t already started.
Opportunity Zones create an opportunity for real estate development, redevelopment and investment. Potentially creating new jobs and improving the value and attractiveness of these underutilized areas.
Partnering with a local developer, WeWork will develop a 200,000 square-foot WeWork space Bentonville, Arkansas.
Billions of dollars of venture capital are being spent on developing commercial real estate in the Philadelphia area to meet the growing needs of the medical research industry.
For all the attraction of the big cities in our country, the majority of people in these urbanized areas remain in the suburbs.
With the economy continuing to flourish, investment in commercial real estate has also spiked as investors look to find a solid return for their dollars.
As millennials become the most prominent buyers in the real estate market, more and more are interested in having the amenities of the big city atmosphere while still being able to enjoy a more suburban home life.
For a while it seemed that online retail was not only changing the face of commerce, but also slowly killing brick and mortar retail shops.
With a unemployment rate, it’s easy to assume the economy is booming, which, in turn, would benefit the housing market.