How commercial property are linked to residential market?

Commercial properties and the residential market are interconnected through various economic factors. For instance, the demand for commercial space often reflects the local economy's health, which can influence job growth and, in turn, residential demand. Additionally, the presence of thriving commercial hubs can attract residents seeking proximity to jobs and amenities, driving up residential property values. Conversely, shifts in the residential market, such as population growth or declines, can impact the demand for commercial spaces like retail and office buildings.