Audit of Construction and Real Estate Industry Practice Test

Industrial real estate covers properties used for the creation, storage, and distribution of goods. Manufacturing buildings and warehouses are classic examples because they are designed for heavy equipment, goods handling, and logistics rather than for living spaces or typical office services. These facilities usually require large, open floor areas, high load capacities, loading docks, and ready access to transportation networks for moving products efficiently.

Residential real estate refers to homes and living spaces. Commercial real estate includes offices, retail, hotels, and similar business services. Land is undeveloped or suitable for development, not the buildings used for manufacturing or storage.