Advantages of the commercial real estate in Westchester New York
CRE or commercial real estates are properties that are used mostly for business-related purposes and provision of the workspace rather than the residential unit. Very often the commercial real estate is leased to tenants for organizing the activities of the income generations. Commercial real estates in Westchester New York basically belong to the four types such as the industries, office spaces, retail and multi-family retail. The types of buildings that are included in this group are hotels and resorts, malls, offices, restaurants, and healthcare services. These properties have the capability to bring rental incomes and the potential for some capital appreciation for the investors. The biggest advantage of commercial real estate in Westchester New York is attractive rates of leasing. It has also been seen that the commercial real estate gains from the long lease contracts with tenants rather than the residential real estate. In this blog, we share with you some of the advantag