19 Dec What is considered commercial real estate?
While it is indeed a broad term, to put it simply, commercial real estate is every single property short of a single-family residential home. If it’s not a single-family detached residential home, condo, or town-home — you can place a safe bet on the fact that it’s commercial.
In comparison to residential, commercial real-estate is also often considerably larger spaces than residential, as well as a wider variety of properties that fall under the commercial umbrella. Many that live in an apartment complex mistake their address for one that’s residential, which couldn’t be further from the truth.
The overall commercial real estate umbrella includes but is not limited to apartments, land, retail properties, churches, theme parks, schools, marinas, self-storage facilities, government real-estate, industrial properties, and office spaces. If you find your mortgage or rent payment to be too high, imagine the monthly bill for a high-rise or industrial park.