Spenser T. Sotolongo

Spenser Sotolongo is an associate in Nixon Peabody’s Real Estate group and represents developers, property owners, and investors on all aspects of commercial real estate transactions.

I represent clients in a broad range of real estate related transactions, including development, acquisitions, dispositions, leasing, and real estate finance. In connection with these matters, I draft and review real estate finance documents, commercial leases, and documentation related to the development, purchase, and sale of commercial real estate.

Looking ahead
With large populations of the workforce effectively and efficiently adapting to a work-from-home lifestyle, more and more employers are offering work-from-home options to their employees. With this transition, I see growth in the suburban markets as employees, who previously preferred being near their office to avoid a commute, seek larger more affordable homes in the suburbs. I see this happening at an accelerated rate as construction material costs begin to stabilize and residential developers are able to bring new affordable products online in the suburban markets. For the commercial developers, this influx of residential density in the suburban markets will provide opportunities in the retail and commercial sectors to satisfy the demands of these newly populated, or more densely populated, areas.