Final answer:
If a property manager deals with properties that conduct retail activity, they would be working in the Commercial real estate market.
Step-by-step explanation:
If a property manager deals with properties that conduct retail activity, the real estate market they would be working in is the Commercial real estate market. Commercial real estate refers to properties that are used for business purposes, such as retail stores, office buildings, and industrial warehouses.
Commercial real estate is distinct from residential, industrial, and agricultural real estate markets. Residential real estate refers to properties used for living purposes, industrial real estate refers to properties used for manufacturing or production, and agricultural real estate refers to properties used for farming or agriculture.