Commercial real estate (or CRE) is a property that is used exclusively for business or workplace purposes or to generate cash flow in some way for the owner or lessee. Commercial real estate spaces include retail spaces, office space, industrial properties, multi-family buildings, and retail spaces.
Most commercial real estate properties are owned by investors who lease the property out to relevant businesses for longer than residential real estate leases, lasting from about five to ten years.
Whether you’re looking to invest in commercial real estate (CRE) or you’re trying to get the best deal on a lease, knowing the basics of commercial real estate will help you make the smartest choices.
