Alex Kerrigan November 11, 2021 Commercial Real Estate, Merchant Builders, Retail Real Estate Merchant Builders in Commercial Real Estate: Definition & Explanation Alex Kerrigan November 11, 2021 Commercial Real Estate, Merchant Builders, Retail Real Estate Merchant builders are commercial real estate developers who build properties and sell them in a short time frame. Merchant builders develop properties in all asset classes, including multifamily and single-family homes.