Two real estate experts spoke to a group of business leaders at a Greater Sarasota Chamber of Commerce event on Thursday afternoon about trends in residential and commercial real estate.
Their verdict: Never has the real estate market shown such strength as it has over the first half of 2021, but some slowing can be expected going forward.
Commercial real estate could be in for a roller coaster ride over the next 18 months as changes in that sector typically lag behind changes in the residential market.
That’s not to say that the commercial side has been slow as the residential markets experienced unprecedented sales, said Jag Grewal, a partner at Sarasota-based Ian Black Real Estate.
Grewal spoke on the commercial real estate market while Craig Cerreta, managing broker…