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. Depending on your growth plans, or if you are strictly investing in a building, you may look at different types of industries for your property. There are six different types of commercial properties. They can be broken down to a few levels. You may want to work with your broker and consider what is best for you. If you are looking at it as strictly an investment, some types are better suited than others.
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 the tenants’ wants and needs. They come in all shapes and sizes and are distinguished by height, location, and use. Chances are if you are thinking about buying an office, it’s free-standing or smaller than a high-rise. You can still buy space in those buildings however, and some of these classes could be free-standing as well.
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.) 15
Powered by FlippingBook