“Power shopping centers” and neighborhood stores are seeing strong demand, according to NAR data.
About 730,000 retail, office, and multiunit residential properties could incur $13.5 billion in damages next year.
Offices of the future may not center around a corporate headquarters.
E-commerce is driving the trend; digital businesses are relying on physical stores for easier shipping and customer pick-ups or returns.
Aspiring owners are building up their portfolio of properties as they take notice of rising housing and rental prices.
Products like windows shower doors are in short supply, adding to the growing shortages of materials and products in homebuilding.
Median home prices have nearly doubled annually in these areas where investment is heavy.
Companies say the latest designs are modern, energy-efficient, and built to withstand the most severe weather.
The gains will continue to attract the attention of investors looking to take advantage of tax breaks, a study says.
A rising number of homes are permitted but have not yet started construction. Builders point to supply chain woes and labor shortages as the culprit.
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