Commercial real estate Calgary deals with land that’s being purchased for financial gain. This can also include apartments, industrial properties and anything else that you can think of that’s not a residential home. However, commercial real estate Calgary typically deals with malls, office buildings, restaurants and hotels. Vacant land is also included within the category of commercial real estate calgary as long as there’s the potential to make money from it.
The main difference between residential and commercial real estate Calgary is that residential real estate is built only to house people. Anything else is considered to be commercial real estate Calgary. This can become confusing though since apartments are considered commercial real estate Calgary.
Within the commercial real estate Calgary world there are also several smaller categories. First, there is retail commercial real estate Calgary, which includes everything from hotels to shopping centers and medical buildings. Secondly, there’s office commercial real estate Calgary, which includes office buildings wherein multiple businesses can operate. Thirdly, there’s industrial commercial real estate Calgary, which includes factories, warehouses, farmland and garages. Fourth and finally, multifamily housing may also be considered a type of commercial real estate Calgary because the owner may be able to rent the property out and thus make money from it.
You will find a lot of cases whereby something will only be considered commercial real estate Calgary if both the buyer’s intent and the property’s location are commercial in nature. This is especially true whenever you’re looking at a vacant piece of land. For instance, if you find a piece of vacant property that’s located near several retail stores, it would probably be purchased with the intent of starting a commercial venture. On the other hand, you wouldn’t purchase commercial real estate Calgary that was in the middle of a residental neighborhood.