The commercial real estate industry in Wyoming is relatively small compared to other states, with a total inventory of approximately 50 million square feet. The majority of commercial properties in Wyoming are located in the cities of Cheyenne, Casper, and Laramie. The most common types of commercial properties in Wyoming are office buildings, retail spaces, and industrial warehouses. The state's economy is heavily reliant on the energy industry, which has a significant impact on the commercial real estate market. In recent years, there has been a trend towards the development of mixed-use properties that combine commercial and residential spaces. Despite the small size of the market, Wyoming's commercial real estate industry has remained relatively stable in recent years, with vacancy rates remaining low and rental rates remaining competitive. However, the COVID-19 pandemic has had a significant impact on the industry, with many businesses struggling to stay afloat and some commerc...

Read More