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According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
A commercial area is real estate intended for use by for-profit businesses, such as office complexes, shopping malls, service stations, bars and restaurants. It may be purchased outright by a developer for future projects or leased through a real estate broker. This type of property falls somewhere between residential and industrial property.
Trophy or 5-star building: A landmark property designed by a recognized architect; Class A or 4-star building: Rents in the top 30-40% of the local market; well-located; above-average upkeep and management; usually older than a trophy/5-star building
From stock market news to jobs and real estate, it can all be found here. ... House Where Brittany Murphy Died and Britney Spears Felt a Portal to Another Dimension for Sale for $18M.
An industrial park, also known as industrial estate or trading estate, is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more heavyweight version of a business park or office park, which has offices and light industry , rather than heavy industry .
The purpose of industrial property law is to regulate the rights to certain inventions and industrial or commercial creations. It is regulated on a state, community and international level. [14] Industrial property legislation is part of the wider body of law known as intellectual property, which refers broadly to the creations of the human ...