On the other hand, commercial land development is an opportunity to earn higher-than-average returns. The average annual return on commercial land development into commercial real estate is approximately 9.5%, which is 1% greater than the S&P’s average annual return.
Commercial land development is a profitable enterprise for those who are willing to follow the process. Commercial land development is an art and science… a dynamic process that blends creativity, economics, and innovation to breathe life into lots and tracts of land.
A recent feature in Community Impact reports that Pearland City Council unanimously approved rezoning for The Orchard at Lower Kirby, a 122-acre mixed-use development near Beltway 8 and Hwy. 288, designed to expand local dining, shopping, and entertainment options while