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Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
The Assembly (aka Corktown Lofts), previously known as the Edson, Moore and Company Building, is a former warehouse building, constructed for Edson, Moore & Company in 1913. It is located at 1700 West Fort Street in Detroit, Michigan, and has been redeveloped into a mixed use space.
Common area maintenance charges (CAM) are one of the net charges billed to tenants in a commercial triple net (NNN) lease, and are paid by tenants to the landlord of a commercial property. A CAM charge is an additional rent, charged on top of base rent, and is mainly composed of maintenance fees for work performed on the common area of a property
Flex space evolved from light industrial warehouses being converted to office space. Businesses that generally occupy these are new dotcoms, mechanic shops, and companies that contract plumbing, pest, electrical, and sometimes churches and related services.
Now for the other end of the spectrum, renters in New York will find they’ll pay more in rent for less space than anywhere else in the country. On average, New York renters pay $2,722 a month ...
The company began construction on a three-floor warehouse in Seattle, Washington, in November 2016, which was the first multi-story warehouse in the country. [49] The following month, Prologis also outlined plans to build a three-story warehouse in San Francisco. [48] In December 2016, Prologis received two 2016 Eurobuild CEE Awards. [50]
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