Commercial real estate development, also known as real estate investment, property development, or real estate speculation, is an industrial process, ranging from the simple renovation and reuse of existing structures to the acquisition of new land and the subsequent sale of such property to third parties.
Developing land involves the negotiation for contracts with property owners and developers in order to provide a solution to a problem. A typical contract may be based on the amount of space needed by the developer in relation to available space within the designated area. The process may include the construction of structures such as office buildings, warehouses, shopping malls, hotels, schools, motels, health care facilities, apartment buildings, and condominiums.
If you want to get into the commercial real estate development business, you need to look at different sources such as financial statements, land surveys, and supply and demand studies. All this information will help you decide what to invest in. After determining your target market, it is best to determine what type of contracts and leases you are most interested in.