Points to Consider while Buying Commercial Real Estate?
Real estate is something that is permanently attached to the land. This includes man-made additions on the land like buildings, houses, apartments, warehouses, shops, etc.
Real estate can be broadly classified into three broad types. They are residential real estate, commercial real estate, and industrial real estate.
What is Commercial Real Estate?
Commercial properties are used for non-residential purposes like hotels, businesses, offices, retail, public facilities, industries, etc. This property will be used to run businesses. The owner can use the property by himself for business or rent it out partially or fully to the tenants.
Types of Commercial Properties
- Office buildings
- Retail buildings
- Multi-family buildings
- Land
- Miscellaneous
Things to Consider Before Buying Commercial Property
- Availability of different modes of transport
- Connectivity to major commercial hubs
- The growth potential of the property
- Industries around the property location
- Infrastructure facilities available
Benefits of a Commercial Property
- Return on Investment: The return on investment is higher since commercial properties will usually be located in prime locations.
- Qualified tenants: The tenants of the commercial property tend to respect the buildings since they are backed up by larger companies.
- Triple-net lease: This is a form of lease agreement where the tenant is responsible for any ongoing expenses of the building like maintenance costs, taxes, insurance, etc.
If you’re looking to rent or buy commercial properties, you can start your search on IndustrialPlot. There are thousands of options at varying price points. Click the link above to start your search, or drop us a comment if you need any assistance.
