Is Commercial Property Cheaper Than Residential?
No, commercial properties typically cost more than residential due to multiple factors such as potential returns, downpayment deposits and lower rates of lending.
Why is commercial property more expensive than residential?
Lower rates of lending, higher deposits and increased potential returns all play a major part in why commercial property is usually more expensive to acquire than residential.
Lower availability of stock also plays a part in the hike price with plenty more residential developments occurring as opposed to commercial ones.