When it comes to deciding whether to buy, rent or lease office space for your business, there’s no one-size fits all answer. The type of commercial property you get depends on the specific goals and needs of your business.
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The Dangers of Living on Commercial Property. You can find stories of individuals that have successfully lived on commercial property for months for free, since in some cases, it is illegal for landlords to collect rent from those living on this property.
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If you want to buy commercial real estate, you have a lot of options, like purchasing a shopping center, a hotel, an office space, or a warehouse. Whichever kind of commercial real estate you invest in, you have the potential to generate a lot of income, including an annual return on the purchase price that can be over 6 percent.
Commercial property is real estate intended for use by businesses, like office. can be erected, and arrangements can be made to buy or lease smaller lots.
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To paint a general picture of what it’s like investing in commercial property, let’s examine the pros and cons of investing in a single-story commercial retail building, such as a community "strip mall". Positive Reasons to Invest in Commercial Property. Here are some of the pros of buying commercial real estate over residential property.