Purchasing commercial real estate is a tremendous undertaking. If you’re planning to open up a business or a commercial space of any kind, you need to be incredibly thoughtful in your choice of land, property, or building. There are a lot of factors to consider and a lot of moving parts that go into a decision of this nature.
This video can be a great starting point. This video breaks down some of the terms you’ll likely come across in your search for commercial real estate. It’s important to familiarize yourself with these terms and get a solid understanding of them before you really hit the ground running. This is the best way to set yourself up for success and potentially avoid making a costly mistake.