Real Estate Secrets Why Commercial Property Costs More
Economic Factors and Market Trends
Economic conditions and market trends significantly impact commercial real estate prices. In times of economic growth, businesses expand, leading to increased demand for commercial spaces, which drives up prices. Conversely, during economic downturns, demand may decrease, but prime properties often retain their value due to their strategic importance. Additionally, emerging trends such as the rise of e-commerce have shifted demand towards logistics and warehouse spaces, impacting their valuation3.