How has the performance of Commercial Realty been in the past year?

Pre-COVID, the real estate market was reaching its peak across various sectors. When the pandemic initially hit, we faced a sluggish three months, but since overcoming that hurdle, our business has seen substantial growth. Currently, we’re collecting rent exceeding 90% from our 8.5 million-square-foot managed portfolio, and this rate has been consistently climbing month by month.

Which asset class is driving demand?

Industrial spaces are leading the charge in terms of asset demand. Surprisingly, our class-B office sector has also performed admirably. With uncertainty lingering due to the pandemic, tenants are delaying decisions. The affordability and reduced elevator time associated with class-B and smaller class-A offices have made these spaces more attractive to the few tenants currently in the market.

How does your firm distinguish itself?

We’ve always positioned ourselves as an alternative to larger national firms, emphasizing our deep understanding of local markets. Real estate is inherently local, and we’re better equipped to meet our clients’ specific needs compared to larger entities. Our growth has been fueled by this approach. Berger Commercial Realty, along with Andrews Avenue Residential, boasts a team of 64 and 25 professionals, respectively. Our size allows us to offer high-quality services while maintaining a personalized, client-centric approach.