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Commercial real estate is property used to generate revenue through rental income from office, retail, industrial, service, and hotel users. It is also commonly referred to as commercial investment real estate and income property. Commercial real estate is an umbrella term that covers a range of commercial properties including retail centers, office buildings, educational buildings, medical office buildings, industrial properties, lodging and hospitality properties, resort properties, special use properties and other nonresidential real estate. Although they are categorized as multi-family residential, apartment complexes are also grouped into this category as a result of the income they may generate for their owners or operators.
There are four major categories of commercial real estate. These include industrial real estate, which is used for the purpose of manufacturing, distribution, storage and warehousing products; office real estate, which is used by large and small businesses and professionals such as lawyers, accountants, doctors, brokers and by corporations in virtually every industry; properties used for retail trade which can range from a small neighborhood group of retail store fronts to the largest suburban mall; and finally multi-family properties commonly known as apartments.
The market for commercial real estate in Florida has been one of the most dynamic in the nation for the past decade. This was due in great part to many business real estate developments such as shopping centers and office buildings created to service the numerous residential real estate developments built, planned and proposed. Timing of course is extremely important in any investment. In the past few years, a number of investors, after years of hesitation, finally committed their capital to commercial real estate. Many of them are now suffering from the effects of their poor timing. Whether searching for lease space, an office building to purchase, a motel to buy or any other type of commercial property, it is important to work with someone who will thoroughly evaluate and analyze any commercial real estate opportunity.
Kearney Commercial Realty/Sperry Van Ness is a commercial real estate brokerage firm with broad experience in most types of investment real estate. Our expertise makes us uniquely qualified to clarify for our clients what may seem complex and to help them develop a picture of commercial real estate market trends, opportunities, risks and rewards. Tenants and buyers in West Palm Beach, Boca Raton, Stuart, and surrounding areas choose our services over other realty resources because we listen so that we can fully understand their needs and then we work to find the right solution for their commercial real estate requirements.
Sellers prefer our firm because we cooperate with and compensate all other brokers and brokerage firms in working to achieve the maximum value for our clients. We believe that unless the entire brokerage community is engaged to sell a property a buyer may not achieve the highest value for his or her property.
Let us show you the Sperry Van Ness difference today and provide you with the right connections for all of your Florida commercial real estate investment or leasing needs.
Find out how to take advantage of the prosperous West Palm Beach commercial real estate market now!
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