Commercial management in construction refers to the overseeing and managing of a commercial project development as it progresses. It can encompass other multiple factors which can be a major contribution in the development, growth & evolution of the commercial projects overtime. Building infrastructures of hospitals, schools, museums, and other commercial areas is part of the commercial construction.

There are eight common types of commercial construction projects widely accepted. To name them all, we have restaurants, retail stores, grocery stores, shopping malls, office buildings, medical facilities, hotels & lodgings, institutional buildings, industrial structures, factories & warehouses. We also have sports facilities as well.

Getting the funds you need to construct a commercial project can be challenging, but taking out construction loans is an effective way to cover costs. Commercial building projects have upfront expenses that must be paid before any work begins or old property is improved upon for use as business space. The interest rates on these types of loans generally range from 4% and 12%.

If you have a commercial building that is on the larger side, it can take anywhere from 4-8 months to be built. If your office or industrial space has 50,000 square feet of more, expect this process to last up to 8 months as well. Following are the average time spans for constructing commercial buildings.