Why Commercial Property Is Better Than Residential For Investment?
Properties which are used for non-residential purposes, that means, properties which are used mainly for businesses are commercial. These properties can be used by owner for personal business purpose or owner can give it on rent. Commercial properties have several categories, such as, office spaces, hotels and resorts, restaurants, healthcare facilities and malls. If anyone wants to invest in commercial properties, then it requires large amount of capitals as compared to residential properties. Different classes of commercial properties are office spaces, industrial, retail and multi-family rentals. There are few businesses, which own the property, where business is run but there are many businesses, who take the property for rent and this rent is quoted as annual rent dollars per square feet.