COMMERCIAL REAL ESTATE AGENTS - BANNING CA

BANNING CA COMMERCIAL REAL ESTATE

COMMERCIAL REAL ESTATE AGENTS - BANNING CA

Banning CA commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, shopping centers, farm land, multifamily housing buildings, warehouses, and garages. In many Banning California, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.

The total value of commercial property in the United States was approximately $11 trillion in 2009, as measured by the CoStar Group and published in the Journal of Real Estate Management.

According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the U.S. are now in default, foreclosure or bankruptcy.

BANNING CA - COMMERCIAL INFORMATION EXCHANGE

A Commercial Information Exchange (CIE) is an Internet-based commercial property listing service that is operated by a local association to serve the local Banning CA market. A CIE is the commercial real estate equivalent of the residential Multiple Listing Service. CIEs help Banning CA commercial real estate professionals (Banning CA brokers, Banning CA property owners, Banning CA developers, Banning CA investors, Banning CA tenants, etc.) share information about Banning CA commercial property, recent sale or lease transactions, market statistics, and contacts.

CIEs tend to exist in larger markets with a more developed, more organized commercial real estate industry. There are less than 100 CIEs in the United States, but that does not mean Banning CA Commercial Real Estate is not represented.

CIEs vary in scope, serving cities, states, or larger regions. They also vary in function, depending on the depth and breadth of data in a particular market. For example, the Louisiana Commercial Database contains primarily commercial for sale or lease in the state of Louisiana while the Commercial Alliance of Las Vegas' CIE includes active listings, off-market properties, and completed transactions in the greater Las Vegas area.