Realtor study shows how commerce in cannabis can contribute to commercial real estate growth.
Builder
The recent string of state-level marijuana legalization continues to impact commercial property demand and residential housing decisions throughout the United States, apparently to the high side.
These findings are according to the latest study from the National Association of Realtors, Marijuana and Real Estate: A Budding Issue, which found that in states where prescription and recreational marijuana use is legal, more than a third of those polled said they saw an increase in requests for warehouses or properties used for storage. In those same states, up to one-quarter of members said the demand for storefronts grew, while one-fifth said there was a greater demand for land.
