1. Real Estate Developers and Builders

Real estate developers and builders often invest in raw commercial land to capitalize on future development opportunities. By acquiring land in strategic locations, they aim to develop commercial properties such as office complexes, retail centers, or industrial parks. This approach allows them to benefit from the land’s appreciation and the profits generated from the developed properties. ​

2. Institutional Investors and Private Equity Firms

Institutional investors, including pension funds, endowments, and private equity firms, view undeveloped commercial land as a long-term investment to diversify their portfolios. These entities often have the capital and resources to hold land for extended periods, anticipating significant appreciation or future development opportunities. Their investments are typically driven by strategic planning and a focus on long-term returns. ​

3. Individual Investors and Land Speculators

Individual investors and land speculators are drawn to undeveloped commercial land for its potential high returns. They may purchase land in emerging areas, banking on future growth and increased demand. Some may also engage in land flipping, buying parcels at lower prices and selling them at a profit as the area’s value increases. ​