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.
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.