CHAPTER 4 The Different Types of Commercial Properties
When you start your commercial real estate search, the first part is identifying what type of property is best for your business. Most likely you are just looking for a standard office, but knowing each property can be beneficial and could even come into play if you end up doing something unorthodox. There are six different types of commercial properties. They can be broken down into a few levels. You may want to work with your broker and consider what is best for you. Even if the choice is clear, vetting all options is the smartest way to go.
OFFICES
Office buildings are separated into a few classifications of their own. They can be multi-tenanted or single-tenanted and are usually built out to fit tenants’ wants and needs. They come in all shapes and sizes and are distinguished by height, location, and use.
Class A Offices
These are the most luxurious offices in each area. Their cost for rent is above-average and they usually have high-quality finishes, are in the busiest areas, have the best security and IT systems, and are easily accessible (despite their surroundings.) These are built to impress and often have their own amenities inside lobbies and on different floors. They don’t always have to be new, as older and distinguished buildings can fall under this 17
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