According to the NAR July 2021 commercial market insights
, barring any major increase in the coronavirus, researches anticipate that sales and commercial leasing will continue to grow in 2021 be stronger in 2022.
Nationally commercial properties are seeing shifts in each sector. Apartment and industrial properties remain the favorite investment property type. While the retail market rebounds and the apartment market booms, office occupancy is is seeing a decline. This is largely due to workers not returning to their office and continuing to work from home.
In the Ithaca and surrounding area there was a 45% increase in commercial sales over all, and of that 22% was retail.