Certified Residential Appraiser Practice Exam

What is 'corner influence' in commercial real estate?

1. Less foot traffic

2. More exposure on a corner lot

3. Higher property values

4. Reduced visibility from other roads

The correct answer is: More exposure on a corner lot

'Corner influence' in commercial real estate refers to the advantages associated with a property located at a street corner. This positioning typically offers more exposure compared to properties situated on interior lots. The visibility of a corner property can attract more potential customers or clients, as individuals can see the property from multiple directions, increasing the chances of foot traffic and vehicle traffic. Furthermore, the accessibility provided by being on a corner can enhance the attractiveness of a property for various business uses, making it a sought-after location for retail and commercial enterprises. As a result, properties benefiting from corner influence often experience higher demand, which can positively affect their marketability and overall investment value. The enhanced visibility and access often lead to better opportunities for signage and marketing, thus solidifying the importance of corner influence in real estate decision-making.