Real estate is a type of property that consists of land and the buildings on it, as well as the rights of use and enjoyment of that land and all its improvements. It is an asset class that is used to produce income and provide collateral for loans. It can be divided into five categories: residential, commercial, industrial, agricultural, and special purpose.
The real estate industry is a key driver of the economy, and it is a critical component of the global investment landscape. The sector is worth an estimated $217 trillion, and it employs tens of millions of people around the world.
What is Commercial Real Estate?
Commercial real estate is a subset of the real estate market that consists of properties used for business purposes. This includes office buildings, warehouses, retail space, and other properties that are used for commercial purposes.
The commercial real estate market is worth an estimated $33 trillion, and it is a key driver of the global economy. Commercial r
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