Commercial real estate and residential real estate are entirely different. It’s important to choose an agent/broker who is familiar with the specifics of commercial real estate when buying or leasing commercial real estate. The two disciplines of real estate vary greatly. Commercial real estate is focused on real estate involving business. The predetermined objective of buying, selling or leasing real estate is business. Meanwhile, residential real estate is focuses on the needs of a homeowner and their family. This real estate discipline is focused on personal use.
Commercial Real Estate Categories
With residential real estate, you are usually selling homes for people to live in. With commercial real estate, you could be selling apartments, raw-land for business use, industrial property, retail property or office space. Often, those of us in commercial real estate are not even selling real estate, but rather helping connect landlords with tenants for commercial space in each of these categories.
The Differences Between Selling Commercial Real Estate And Residential Real Estate
Selling commercial real estate relies heavily in understanding return-on-investment calculations. While residential real estate can be heavily reliant on emotions, business real estate sales must be reliant the on the figures. With residential real estate, you generally sell to an individual or a family. With commercial real estate, you can also be selling to an individual or a family, but you might also be selling to a company, investor or firm.
The fact is, commercial real estate is almost always harder to sell than residential real estate. Whether you are purchasing commercial real estate or selling it, you will want to connect with a real estate company with plenty of experience selling exclusively commercial real estate.
In commercial real estate, an agent must have a deep knowledge of the terminology and concepts like capitalization rate, internal rate of return, real estate analytics, and gross rent multiplier. Agents without a solid understanding of property valuation, rent structure, and a laundry list of other critical factors involved in commercial real estate will invariably find themselves in over their head and fail to deliver the service and skills to their client that is required for a sound decision.
In the Florida Keys, commercial real estate agents must also have a keen understanding of extra involved zoning regulations and ordinances based on geology and ecology as well.
RE/MAX Keys Connection
Upscale, Comfortable Commercial Real Estate Office
The RE/MAX Keys Connection office is located in the Historic Heritage House in the heart of Old Town, conveniently located immediately nearby major downtown hotels. Our unique, cafe-style real estate office offers our valued clients a welcoming, upscale, professional environment. Enjoy complimentary beverages, free wi-fi, and a private conference room or expansive front porch, depending on the level of privacy you’re most comfortable with.
- Florida Keys Bars & Restaurants For Sale
- Business Opportunities in the Florida Keys
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- Multi-Unit Commercial Properties For Sale in the Keys
Experienced Commercial Real Estate Brokerage Company
RE/MAX Keys Connection’s owner and broker Curtis Skomp is one of South Florida’s top commercial real estate brokers. With over two decades of experience and a CCIM (Certified Commercial Investment Member) designation, Curtis has brokered commercial real estate including industrial properties, shopping centers, strip malls, trailer parks, bars, restaurants, hotels and multi-unit apartment buildings. Unlike many brokers, Curtis isn’t intimidated by bank foreclosures either.
RE/MAX Keys Connection offers clients international exposure with local service. Our service area includes Key West, Big Pine Key, Marathon, Islamorada, Key Largo, and all of unincorporated Monroe County. Our office is fluent in Spanish, which is highly important when doing business in Southern Florida.