Commercial Real Estate is Bouncing Back!
The commercial real estate industry is making a comeback in multiple sectors, including office and retail with industrial holding steady. According to SIOR, “commercial real estate (CRE) is rebounding at a record pace, with the office sector finally making its comeback. Market confidence grew to its highest on record, at 7.6 (out of 10). The largest increase was seen in the office sector, rising from 5.9 in Q1 to 6.7 in Q2. Industrial confidence remained steady at 8.0.”
According to National League of Cities (NLC), “U.S. retail sector recovers faster than expected.” Also, there are a few trends that NLC believes will change the future of retail including experience-based retail will continue to grow, retail is evolving and utilizing new technologies and finally, the demand for mixed-use retail spaces is on the rise.
Saunders Construction specializes in seismic retrofits or earthquake retrofits and services all asset classes of commercial real estate including office, retail, multi-family, mixed-use and of course our specialty industrial. For more details visit, https://saundersseismic.com/service/commercial-retrofits/