06 Dec 2016

What is commercial and industrial real estate?

Commercial real estate is typically retail stores and agencies while industrial real estate generally refers to factories and storehouses. The term” commercial real estate” is generally accepted these days as covering industrial as well as commercial real estate.

Some people talk in feet and square feet and others in metres and sq. metres and it’s confounding. What does it all signify?

Despite the change over from imperial to metrics the old-fashioned lanes still persist as many people still cannot fully relate to metrics. The changeovers are:

Length:

1 metre= 39.3701 inches

1 metre= 3.28084 feet

Area:

1 square metre= 10.764 square feet

1 hectare= 2.47105 acres

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