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September 11, 2009

Commercial Real Estate

Commercial real estate refers to a wide range of properties used for anything other than a personal residence. Commercial properties can include office complexes, shopping malls and retail outlets, large parcels of raw land intended for development, and residential housing such as apartment or condominium buildings and multi-family dwellings.

Purchasing commercial real estate is considerably more expensive than buying single family residences. Oftentimes, real estate investors will join forces with other investors to purchase commercial properties. Large properties such as apartment buildings and shopping malls generally require hiring a property manager to oversee maintenance and collection of rent monies.

Real Estate Investing article on "Commercial Real Estate"