What Is the Difference between Commercial and Retail Property?
Understanding the difference between commercial and retail property is essential for investors and business owners. Commercial property refers to any real estate used for business purposes, including offices, warehouses, and industrial buildings. Retail property, on the other hand, is a type of commercial property specifically designed for businesses that sell goods or services directly to consumers—like shopping centres, stores, and boutiques. The key difference lies in their use: commercial spaces often support operations and administration, while retail spaces focus on customer interaction and product display. Knowing these distinctions helps in making informed decisions about leasing, investment, or business setup.
Comments
Post a Comment