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Commercial development will change the neglected look of riverfront

August 06, 2018 / Penny Stine

The commercial real estate market has been slower to recover from the Great Recession than the residential market, which is typical, according to many local commercial brokers. Many commercial transactions are more complex, with a higher price tag than a typical 2,000-square foot home, and commercial deals often take years to work out the details, especially when there is significant remodeling that needs to be done to an existing building or new construction of a larger building on vacant land that may involve multiple tenants.