Derek Miller, Associate, CBRE | The Boulos Company
We are currently in the midst of a period of historically low interest rates which has contributed to an increase in activity in the commercial real estate market. More businesses are looking to purchase real estate for the first time instead of leasing space. While many of these business owners may have experience purchasing a home, the sale of commercial real estate is a very different process to navigate. With a home purchase, the seller and listing broker provide the buyer a detailed list of disclosures for a prospective buyer. Conversely, for a commercial sale, such disclosures are not typically required.