US Commercial Real Estate Industry
March 24, 2010 Information, Updates Comments Off
Commercial real estate in the United States is a billion dollar industry. Each day brokers and agents provide thousands of transactions to investors and buyers in a market that fluctuates as the economy does. In the United States, alone, property values have suffered as the rise and fall of the global economy does. With outsourcing to minimize expenses, property used for commercial development has taken a major hit and has some experts wondering if there will be a rebound.
Every city or town has zoning laws that dictate what can be used as residential property and what is considered commercial real estate in an area. These areas can differ by only a few feet but the taxes and property value are drastically different. Whereas a 1200 square foot housing property might lease for nine hundred dollars, the same equivalent in a commercial area might go upwards of fifteen hundred. Real estate investors take this into consideration when searching for commercial real estate properties.