What Is Commercial Real Estate (CRE)?
The following are examples of Commercial Real Estate:
- Office buildings
- Multi-Family apartment buildings
- Shopping malls and retail centers
Investment Commercial Real Estate, including land, brings or has the potential to bring income. From a business point of view, commercial real estate is any offering of office, retail, industrial, medical, hospitality, and other commercial space that can be leased (and sometimes bought) for the use of the business.
Commercial properties are often classified into six main categories: office, retail, industrial, multi-family, land, and a miscellaneous catch-all category that includes everything else sometimes referred to as specialty.
What Does a Commercial Real Estate Agent Do?
A Commercial Real Estate Agent can represent either a property owner by assisting in the sale of their real estate, finding qualified tenants or by managing their property to realize the highest possible return on investment (ROI).