Commercial real estate: It is real estate that is used or invested for commercial purposes and not residential , with the aim of renting it to merchants or owners of companies or using it as a commercial store, goods warehouse, buildings, or offices.
Conditions that must be met in the commercial property:
• It should be located in an easily accessible place with a rich transportation network.
• It should be strategically located, preferably in the city center and in areas with high population density or within the market.
• ATMs around the property.
• Parking garage near the property.
• Choosing the property within a building that with good protection system and cleaning services.
Factors that must be present in the commercial real estate:
• Space: The space factor is important for commercial real estate, as working within a large place is better than narrow spaces that contribute to chaos and disorganization.
• Location: The location of the commercial property depends on the purpose of buying this property, as each commercial specialization requires a distinct location from the other.
• Legal restrictions: The licensing restrictions must be taken into account when purchasing a commercial property, according to the purpose of the property itself. Here, a lawyer must be contacted to clarify the limitations of licensing each commercial jurisdiction.
• Parking lots: Once again we mention that the presence of dedicated parking spaces has become very important in recent times.
