Residential real estate simply refers to an individual’s home or property. There are numerous legal issues associated with purchasing or selling residential real estate.
Commercial real estate refers to buildings or land intended to generate a profit. Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, shopping centers, farm land, multifamily housing buildings, warehouses, garages, and industrial properties. Commercial real estate is commonly broken up into three categories: retail, office, and industrial.