Latest / Talking New York Real Estate with Vince Rocco
Commercial Real Estate Update & Personal Insurance for NYC home buyers
Commercial and Residential real estate in NYC are two very different markets. While residential real estate is focused on housing, commercial real estate is focused on businesses and their needs. One of the main differences between the two is the price point.
Commercial real estate tends to be much more expensive than residential real estate in NYC due to the high demand for business locations.
Another difference is the length of leases. Residential leases tend to be shorter than commercial leases, which can range from five to 10 years or more.
When it comes to location, residential real…
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