Real Estate Secrets Why Commercial Property Costs More
Location and Accessibility
Location is a critical driver of commercial property costs. Properties in prime locations, such as central business districts or high-traffic areas, are highly sought after due to their visibility and accessibility, which can attract more tenants and customers. This desirability often leads to higher demand and, consequently, higher prices. Additionally, commercial properties that offer easy access to transportation hubs or are located in areas with strong economic growth tend to command premium prices2.