Properties – Getting Started & Next Steps
Real Estate Talk: Commercial Real Estate Investment Properties in Melbourne FL
There are three main categories of real estate namely residential, industrial and commercial. Residential real estate refers to residential houses, condominiums or apartments, whereas industrial real estate refers to factories, laboratories or warehouses used in manufacturing goods. Commercial real estate refers to a type of property intended business purposes only, and commercial properties are leased out for work space. Some of the examples of commercial estate properties are office space, restaurants, convenience stores, hotels, strip malls and shopping centers.
The typical scenario in commercial real estate is that the owner of the building is the investor who allow it to be leased, and then gain revenue from collecting a rental fee from each retailer who operates the business. Commercial real estate is quoted annual rental basis per square foot. The leasing terms of commercial real estate properties ranges from … Read More