Market News
Michael O’Neal
The term “commercial real estate” means a lot of different things to a lot of different people, including the brokers who practice in the field. Commercial real estate encompasses virtually all real estate activity outside of residential home sales.
For the battered retail sector, 2021 seems to have good things in-store. Just recently, the National Retail Federation issued a revised forecast for the year, anticipating that retail sales will now grow between 10.5% and 13.5% as the economy accelerates its pace of recovery.
From small Mom N' Pop stores to giant national chains operating hundreds of stores, the great majority of retailers lease the space they occupy.
The term “commercial real estate” means a lot of different things to a lot of different people, including the brokers who practice in the field. Commercial real estate encompasses virtually all real estate activity outside of residential home sales.
