Hi! I have a question that has been swirling around in my head for a while now, and as someone who is interested in business, you might be able to shed some light on it. How do you think commercial real estate works in detail?
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The process usually starts with investors or developers identifying a property or piece of land they believe has potential. They’ll secure financing (typically a mix of loans and investor money), then either build something new or renovate what's already there. This stage is critical, and a lot of developers rely on platforms like buildzoom to find licensed contractors and track construction quality. It’s a huge help when you’re trying to avoid delays or sketchy bids.