People also ask
What is commercial real estate?
Commercial real estate is property used solely for business purposes, versus residential real estate, which is living space. The four classes, of commercial real estate, include office, industrial, multifamily, and retail.
What is a retail lease and a commercial lease?
A retail lease is a lease of a business premises where the permitted use is for selling goods. What is a Commercial Lease? Commercial leases are usually premises that are used as a warehouse, industrial site or an office in a commercial building with no retail activity. What Are the Differences Between a Retail Lease and a Commercial Lease?
What information should be included in a commercial real estate appraisal?
That data may include details on the specific property or general information on the neighborhood, community, city, and/or region. There are three main types of approaches used when appraising commercial real estate: the cost approach, sales comparison/market approach, and income capitalization approach.
What is the size of a retail property?
These properties are very large, normally in the range of 50,000-1,000,000 square feet. Often these properties are used for regional distribution of products and require easy access by trucks entering and exiting highway systems. 4. Retail Strip centers are smaller retail properties that may or may not contain anchor tenants.