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2021 Q4 Traverse City Market Trends

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The commercial real estate market in Traverse City is trending in a positive direction amid the COVID-19 pandemic, with all sectors
faring well and tourism remaining strong.

Despite uncertainties and virus variants, the tourism industry and the ability for people to work remotely has kept the Traverse City
commercial and residential markets active. Some people decided to work from their second homes, giving business to local retailers
and restaurants.

As noted by local media, shopping locally was important during the holiday season. The Traverse City Downtown Development Authority promoted downtown-specific gift cards, which were a popular holiday gift. Advisors got creative with outlot development and overall see the market steadily recovering.

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2021 Q4 Traverse City Market Trends

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Steve Poole

Vice President

Grand Rapids

I have been working in the commercial real estate industry since 1996. During this time, I have successfully completed hundreds of commercial real estate transactions for various property types and sizes. 

Throughout my career, I have consistently been a top producer, representing clients on national, regional and local levels to fulfill their commercial real estate portfolio requirements. My experience includes transactions across several sectors including industrial, office, retail, land and other unique property types.

I proudly represent Colliers and utilize their research, insights and resources to provide top-tier commercial real estate services throughout Northern Michigan, working out of the Traverse City office.

My specialties include landlord and owner representation, corporate real estate representation, real estate portfolio planning, tenant and buyer representation, investment sales, sale leasebacks and land sales. 

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