What does a commercial development manager do?

A Commercial Development Manager plays a key role in planning, executing, and overseeing commercial real estate projects or business growth initiatives. Their job blends project management, financial analysis, and strategic planning. Here’s a breakdown of what they do: 1. Project Planning & Management 2. Financial Oversight 3. Business & Strategic Development 4. Compliance & Risk … Read more

What is the difference between residential and commercial development?

The difference between residential and commercial development comes down to the type of property being built, the purpose of the development, and how the projects are financed and managed. Here’s a clear breakdown: Aspect Residential Development Commercial Development Purpose Housing people (living spaces) Business use (offices, retail, industrial) Examples Single-family homes, townhouses, apartments, condos Office … Read more

What is the role of commercial development?

The role of commercial development is essentially to plan, create, and improve spaces for business and economic activity. It focuses on developing commercial properties—like office buildings, retail centers, warehouses, hotels, or mixed-use projects—to meet market demand and generate profit. Here’s a breakdown of the main roles: In short, commercial development bridges investment, design, and market … Read more

How does a commercial developer make money?

A commercial developer makes money primarily by buying, developing, and selling or leasing commercial properties. Here’s a breakdown of how the money flows: 1. Land Acquisition and Appreciation 2. Development and Construction 3. Pre-Leasing / Pre-Sales 4. Value-Add Strategies 5. Joint Ventures and Equity Partnerships 6. Developer Fees Quick Example: Or they could lease it … Read more

Who is the Big 4 in commercial real estate?

In commercial real estate (CRE), the term “Big 4” typically refers to the four largest global commercial real estate services firms that dominate the industry in areas like brokerage, property management, valuation, and consulting. They are: These four dominate the CRE market in terms of transactions, assets under management, and global reach. Related The Comeback … Read more

What is a commercial development company?

A commercial development company is a business that specializes in developing, managing, and sometimes investing in commercial real estate properties. These properties are intended for business use rather than residential, such as offices, retail spaces, industrial warehouses, hotels, or mixed-use developments. Here’s what they typically do: In short, a commercial development company turns land or … Read more

What is a commercial development job?

A commercial development job generally refers to a role that involves the planning, development, and management of commercial real estate projects or business growth initiatives. The term can vary depending on the industry context, but in real estate and construction, it usually involves: 1. Commercial Real Estate Development 2. Business / Commercial Development (Non-Real Estate) … Read more

What is the meaning of commercial development?

Commercial development refers to the process of planning, building, and improving properties intended for business use rather than residential purposes. This can include offices, retail stores, hotels, industrial spaces, shopping centers, and other facilities designed to generate income through business activities. Key aspects of commercial development include: In simple terms, commercial development is about creating … Read more

What not to say to an appraisal for commercial real estate?

When dealing with a commercial real estate appraiser, what you say (and what you avoid saying) can influence the appraisal process, or at least how smoothly it goes. You want to provide accurate info without unintentionally skewing their perception. Here’s a clear guide: What NOT to Say to a Commercial Appraiser Statement/Behavior Why to Avoid … Read more

What questions to ask in an appraisal for commercial real estate?

When you’re attending or preparing for a commercial real estate appraisal, asking the right questions can help you understand the property’s value, the assumptions behind it, and any potential risks. Here’s a structured list of questions you might ask the appraiser: Commercial Appraisal 10 Questions 1. About the Appraisal Process 2. About the Property 3. … Read more