Individuals or entities holding legal title to buildings or land intended for business purposes, such as office spaces, retail stores, industrial warehouses, or multifamily residential developments, represent a significant segment of the real estate market. For instance, a large corporation might own a chain of retail locations, while a small business owner might possess a single office building.
These stakeholders play a vital role in economic development, providing spaces for businesses to operate, generate revenue, and create jobs. Historically, ownership models have evolved from individual proprietors to complex partnerships and real estate investment trusts (REITs), reflecting changing economic landscapes and investment strategies. This evolution underscores the increasing importance of understanding the dynamics of this sector.
