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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.
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.
Warehouses are generally considered industrial buildings [12] and are usually located in industrial districts or zones (such as the outskirts of a city). [13] LoopNet categorizes warehouses using the "industrial" property type. [14] Craftsman Book Company's 2018 National Building Cost Manual lists "Warehouses" under the "Industrial Structures ...
A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
Google has leased a massive Fort Worth warehouse, the second new lease by Google to appear among Texas' top five largest leases this year. The tech giant, based in California, signed a lease for a ...
Retail Lease in Chicago. A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years.
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