A commercial broker is a real estate professional who specializes in listing and selling commercial properties including shopping centers, office buildings, industrial properties, and apartment projects.
Commercial property refers to real estate intended for use by retail, wholesale, office, hotel, or service users, or for manufacturing or other industrial purposes. Examples include shopping centers, office buildings, hotels and motels, resorts, and restaurants.
A planned development designed especially for office buildings and supportive facilities, catering to specific tenant requirements such as research parks or medical services parks.
Preleasing involves obtaining lease commitments for a building or complex before it is available for occupancy. It is often a requirement for securing a permanent mortgage.
Square footage refers to the area, measured in square feet, of a property available for sale or rent. It is a critical metric in real estate, used to determine the size and value of buildings or land.
