Commercial PropertiesThe best way of explaining what commercial properties are, is to define what they are not. Commercial properties consist of any form of real estate other than residential or land. Commercial property is primarily used as an investment vehicle, where a Landlord and Tenant relationship is established, and the Landlord or Property Owner is able to generate income from leasing the commercial property. Owners of commercial property may prefer to sell the commercial property shortly after purchasing the real estate (called "flipping"), or they may keep the property for long-term investment.
Property ManagementMany people purchase real estate strictly as a financial investment, and little to no knowledge of how to manage commercial property. When this happens, the property owner typically hires a commercial property management company to not only manage the commercial real estate, but provide maintenance and leasing services as well.
Types of Commercial PropertyThe classification of commercial property can be divided into the following property groups:
- Industrial Warehouse
Commercial Property Type: Retail
|Retail shopping center|
Commercial Property Type: Industrial Warehouse
- Dock height
- Garage doors
- Three (3) Phase Electric