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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 pad site or outparcel is a freestanding parcel of commercial real estate located in the front of a larger shopping center or strip mall. [1] Desirable because of their visibility to consumers, accessibility, and the ease of facilitating drive-thru service, pad sites are typically sought after by banks, casual dining, and fast food restaurants.
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.
A CIE is the commercial real estate equivalent of the residential Multiple Listing Service. [2] [3] CIEs help commercial real estate professionals (brokers, property owners, developers, investors, tenants, etc.) share information about commercial property, recent sale or lease transactions, market statistics, and contacts. [4]
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
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Corporate real estate is the real property held or used by a business enterprise or organization for its own operational purposes. A corporate real estate portfolio typically includes a corporate headquarters and a number of branch offices, and perhaps also various manufacturing and retail sites. [1]
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