Louisville’s commercial real estate market is a strong one, with all the main sectors – multifamily, industrial, office and even retail – showing strength. That explains the big crowd – more than 150 CRE professionals – that filled the conference room at the Omni Hotel for REjournals.com’s and Midwest Real Estate News’ fourth annual Louisville CRE Summit.
The event featured the biggest names in Louisville’s commercial real estate market talking about its strength and the future trends they see.
And what did they discuss? The industrial market in the Louisville area remains hot, with many tenants struggling to find the modern space they need. Multifamily is hot, too, as new developments fight over renters by offering ugraded amenity packages.
The Louisville-area office market remains steady. As in other Midwest cities, developers are renovating older office space to provide these buildings with modern amenities. If they don’t, they’ll struggle to attract new tenants. And while physical retailers are facing the same problems they encounter in other cities, savvy retailers are selling experiences to fight back against the growth of online retailers.
