Sunday, January 5, 2014

Commercial Real Estate

Commercial Real Estate
The term, "Commercial Real Estate" (also called "Investment property" or "Income property") refers to structures, buildings or land intended to generate a profit, either through capital gain or rental income.

Commercial Real Estate includes strip shopping centers, office buildings, skyscrapers, industrial property, hospitals and medical centers, hotels, shopping malls, retail stores, farm land, apartment buildings, warehouse buildings, and parking garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for loan and taxation purposes.