Commercial real estate A review of the basics
It may even be a piece of property with a place of residence now standing on it. Many times as cities and towns grow property can be rezoned to allow for businesses to come into that particular area. A town may grow to the point where a house that was safely located in a residential zone may need to be cleared out for commercial real estate once the town has grown to a certain point. Many people think that commercial real estate is only the property in town that has a business on it. The truth is that even a mobile home park or an apartment complex can be sitting on a piece of commercial real estate.