Commercial real estate is any property owned to produce income.
Here are the five categories of commercial real estate.
Retail includes indoor shopping malls, outdoor strip malls, and big-box retailers. It also comprises grocery stores and restaurants.
Hotels include motels, luxury resorts, and business hotels. This category does not include homes that rent out rooms through Airbnb.
Office buildings include everything from Manhattan skyscrapers to your lawyer’s office.
Apartment buildings are commercial real estate. Companies own them only to earn a profit. That’s why homes rented by their owners are residential, not commercial. Some reports include Apartment building data in statistics for residential real estate instead of commercial real estate.
Industrial property is to manufacture, distribute, or warehouse a product. It’s not always considered commercial, especially in land use plans and in zoning.
Metropolitan real estate PLC, is an American-owned Real estate building, building quality homes in Ethiopia to fulfill the needs of luxury real estate for sale in Addis Ababa and all of Ethiopia.
Let us connect today, on Metropolitan Real estate, which has multiple ongoing projects such as Metropolitan Central Tower Luxury Apartments are around AU headquarters. Metropolitan Westview Standard Apartments located at Total Soset kuter Mazoriya. If you are ready to begin your journey on the way to becoming a homeowner, please contact us with the Ethiopian office: +251973404040 and USA office: +1480 280 2242.
