All commercial real estate properties come with land, but sometimes it is vacant with no building on top of it. This is an asset class in and of itself and there are three subtypes that investors should be aware of. A hotel is a type of commercial real estate that rents space to individuals by the night. A retail property is one that contains space that is leased to businesses who sell their goods/services directly to consumers through a storefront.
Meghan Perry has been working in the real estate industry since 2019 and brings a background in Civil Engineering Technology, along with over 20 years of combined experience in the oil and gas, environmental/regulatory, and medical fields. As a realtor and business owner, she has built her business and reputation on honesty and integrity. She is committed to providing the highest quality service to her clients and is dedicated to building long-term relationships. To list a business or commercial property for sale or lease, please submit the Inquiry Form or contact Bruce Liang, President, P.Eng, M.Eng, for a free evaluation and consultation. In our survey, real estate executives identified flexible workday schedules (43%) and regular opportunities to work remotely (40%) as their top actions for talent acquisition and retention . Regular opportunities to work remotely retained a top spot year over year.
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In contrast, a commercial property investor can rely on the income statement that shows the value of current leases, which can then be compared against the capitalization rate of other commercial property in the area. Commercial real estate loans work similarly to mortgage loans for personal real estate. One of the main differences is that the loan is secured by a lien against the commercial property rather than a residential property. A lien is a legal claim to a property that can be used as collateral if a loan goes unpaid. In the case of a commercial loan, the lender removes the lien once the loan is paid off.
- What distinguishes him is his exceptional customer service and proficiency in conducting comprehensive business financial assessments, establishing him as a highly respected and distinguished professional in the field.
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- To address rising costs, owners and operators can also increase rent and decrease operating expenses by streamlining the payables and receivables processes via treasury services.