Wanting to do Real Estate on the sides?
The retail real estate industry is a category within the commercial real estate sector. While the commercial sector that includes properties, buildings and land, that are used to generate revenue. Retail real estate involves building and developing, and shopping properties. The retail sector provides services that include renting, leasing, managing, buying and selling retail real estate.
According to investmentbank.com The following are the few benefits in venturing to retail real estate:
1. Longer Leases - Investors and property managers who participate in the multifamily industry may find themselves dealing with lease renewals on an annual basis. Retail real estate leases are typically longer at around 5 years.
2. Lower Maintenance - While every property has expenses, the owners of retail space can find themselves in an advantageous position when compared to other property owners. In the retail space the tenant (shop owner) typically will pay for utilities, some maintenance, and other agreed upon expenses.
According to Investment bank Retail Real Estate is the second largest by market in the commercial real estate sector with approximately 25.2% market share. The retail deal volume that has occurred throughout 2017 is around $60 billion, which is the third largest behind apartment ($110B) and hotel ($120B) as of 2016