“We are winding down from a solid year in 2021 which saw commercial real estate rebound in every segment. We are also preparing for 2022, where I expect growth will continue. The industrial and multifamily markets take the lead in construction activity in 2022. These areas continue to have high demand — supply is absorbed quickly. There is an ever-increasing need to deliver consumer goods as fast as possible. Retail, although unsteady, may grow over time. The current commercial office market is evolving to fit new workplace environments. We should see a lot of office repurposing during this shift. Multistory industrial has been thriving in the five boroughs of New York City. Because of this surge, it is now spilling over into urban New Jersey markets. On the whole, I suspect 2022’s CRE performance will be comparable to 2021 or better” – Bryan Murray, Director of Business Development
>>> Next, read up on “What’s New in Commercial Real Estate 2022!” <<<
