How are commercial real estate transactions typically characterized in terms of time?

Commercial real estate transactions are typically characterized by long transaction time frames due to their complexity and the various steps involved. These transactions often require extensive due diligence, negotiations, and compliance with legal and regulatory requirements. Parties involved may need to conduct thorough market analyses, property inspections, and financial assessments, which can be time-consuming. Additionally, financing considerations, such as securing loans or investment partnerships, can further extend the timeline. The need for multiple stakeholders to reach consensus or handle specific negotiations also contributes to longer time frames. In contrast, the other options suggest either speed or shorter time frames, which do not align with the typical realities of commercial real estate dealings.