Different Types of Commercial Real Estate

1. Different Types of Commercial Real Estate Properties that are exclusively utilized for the purpose of business are considered commercial real estate. Based on the size and the usage, there are 6 different types of commercial properties: 1.Apartments: When more than one family is residing in a rental building, it can be considered a commercial property. Examples of commercial residences are high-rise apartments and rental duplex buildings. 2.Office buildings: Based on the location and the construction, there are A, B, and C class office buildings that are dedicated to professional and commercial activities.

2. 3.Industrial properties: All kinds of manufacturing and warehousing tasks are handled at industrial properties which are categorized based on their size and location. For instance, a smaller space is called flax space whereas a sprawling property on a highway can be considered a bulk warehouse. 4.Retail properties: Another category of real estate for the commercial sector includes all the shopping centres, retail stores and malls. The range for this category involves space like 30000 sq. feet wide power centres and 400,000 sq. feet wide regional malls. 5.Hotels: Buildings used for the hospitality industry are a key part of the commercial real estate. Ranging from the full service hotels to temporary accommodation places, each property comes under the umbrella term of hotels. 6.Miscellaneous: Apart from the hotels, shopping malls, offices and factories, there are varied other buildings that are considered commercial real estate. These are parking lots, animal farms, stadiums, special purpose vacant lands, and parks. Properties or lands that are used to generate profit can be categorized in many ways. Based on the location, purpose and size of the properties the price may vary. If you are interested in gaining beneficial insights into commercial real estate, connect with The Estes Group that has been helping investors for decades in Ridgeland, MS.