While vacancies in office and retail space remain high, apartments and multifamily units are making a comeback in the commercial real estate market, one real estate expert noted.
Hessam Nadji, senior vice president of Marcus & Millichap Real Estate Investment Services, said companies are reluctant to hire full-time workers and are not yet confident enough to invest in big expenses.
"It's not quite as bad as it seems, and it's worse than it looks," joked Nadji, speaking to attendees at CU Business Group's National Business Services Conference last week in Portland, Ore.
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