Commercial property, also known as investment property, is any type of real estate that you own for the purpose of generating a profit. The category includes shopping centers, office buildings, hotels and multifamily apartment buildings. The ways to make money from commercial property is as diverse as the types of properties that can fit into this category, and some types of revenue are unique to certain types of property. Generally, however, a few basic ways to make money from commercial property are standard across all property types. Get to know more about: Free for occupancy, appreciation, advertising and services that could maximize your investment interest in making money with your commercial property.
One of the primary ways to make money from commercial property is to charge other people to occupy it. If you own an apartment building, the charge is called rent. A company that wants to use a retail space in your shopping center signs a lease agreement and makes periodic payments. Your hotel charges a daily fee for use of the rooms. Likewise, if you own a parking lot, you charge a customer an hourly, daily, monthly or yearly parking fee to occupy a space.
Another way to make money from commercial property is to sell it once the property has appreciated, or increased in value. Commercial real estate can rise in value if you put work into improving the look of the property, if a traffic pattern is established that substantiates the value of the location, if the surrounding area experiences a tourist boom, or any of a hundred other reasons that can affect the market. These investors make their money on flipping, or reselling the property, not on rent collected over time.
Many types of commercial real estate have some capacity to make money from advertising. You can sell access to billboards or signage on the property. You can publish a directory of services that tenants provide and sell print advertising in the book. Your hotel or shopping mall can allow outside advertisers to have access to their customers in various ways.
One of the best ways to make money from commercial property is to charge the users for additional services that you provide. For example, you may lease the office building you own to a tenant but retain control of the parking lot, generating an additional income stream when employees and clients need to park. You can also make it a lease requirement that the tenant use the trash removal or maintenance company that you own, for example, to make money.
- Present Site Update of Iloilo Business Park
- Iloilo Business Park's 9.2 hectare Boutique Hotel and Commercial District present site update
Iloilo Business Park, the 72-hectare commercial township of Megaworld Corporation in the strategic Mandudrriao District, Iloilo City showcases its 9.2-hectare Boutique Hotel and Commercial District. Comprised of high-end commercial lots, this area in the township is a potential investment property that can yield profit and return of investment for investors, looking ahead to forge an exceptional future and business venture. Owning a commercial lot in Iloilo Business Park will give them the prestige they aspire as investors since it is located in the epicentre of leisure and business. Financial and bank institutions have already owned their properties in the commercial district where they eyed to build their regional offices. Local entrepreneurs who already owned their commercial lots are optimistic to pursue their various business ventures in the area.
Being a part of the region’s grandest township and owning a commercial lot in Iloilo Business Park is one step ahead to pursue your business dreams and maximize your investment.
Get to know more about Iloilo Business Park’s Boutique Hotel and Commercial District. Call us at (033) 330-3464 or visit us online at www.iloilobusinesspark.ph.
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