- industrialspaces.net
- 21/02/2024
10 Types of Commercial Real Estate Properties
There are ten types of commercial real estate properties:
Industrial: Properties that are used for manufacturing, warehousing, and distribution. They can include factories, warehouses, and distribution centers.
Retail: Properties that are used for selling goods and services to consumers. They can include shopping centers, malls, and standalone stores.
Office: Properties that are used for conducting business activities. They can include office buildings, business parks, and coworking spaces.
Medical: Properties that are used for providing medical services. They can include hospitals, clinics, and medical offices.
Biotech: Properties that are used for research and development in the biotechnology industry. They can include laboratories and research facilities.
Multifamily: Properties that are designed for residential use and have multiple units. They can include apartment buildings, townhouses, and condominiums.
Hotel: Properties that are designed to provide lodging for travelers and tourists. They can range from small motels to large luxury resorts.
Mixed-use: Properties that combine two or more types of commercial real estate. For example, a building that has retail space on the ground floor and apartments on the upper floors.
Special purpose: Properties that are designed for a specific use. For example, a movie theater or a hospital.
Vacant land: Properties that are undeveloped and do not have any structures on them.
Each type of commercial real estate property has its own unique characteristics and risks. For example, retail properties are highly visible and tenants tend to sign long-term leases, but their traffic levels are closely tied to macroeconomic factors and consumer discretionary income levels 1. On the other hand, industrial properties are less visible but have longer lease terms and lower tenant turnover rates.
Tenant Buyer Reps (TBRs) are commercial real estate brokers who work exclusively on behalf of tenants to help them find the right space for their business needs. TBRs can help tenants navigate the complexities of the commercial real estate market, including identifying suitable properties, negotiating lease terms, and ensuring that the tenant’s interests are protected throughout the leasing process.
