Whenever people talk about what's hot in commercial real estate, multifamily is usually the property sector that gets all of the glory. But don't overlook retail, says Mark Lambson, a principal at Partner Engineering and Science, Inc., which is a GlobeSt.com Thought Leader.
"Retail is one of the hottest areas right now," he says. "It seems like there are a lot of properties changing hands."
Of course, the circumstances are different than before the recession. Right now what we're seeing are many private owners trying to get out of the retail real estate business, as "vulture" investors and institutional REITs come in an purchase assets at a discount.
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