Commercial Real Estate Book - Buying Book Preview

can’t handle it.

These buildings are candidates for a new company to come in and buy, with long-term intentions to flip.

URBAN BUILDINGS OR CENTRAL BUSINESS DISTRICT

These buildings are located in the heart of a city’s downtown area. They often include high-rises in some of the most heavily congested areas. Companies attracted to these offices are often more client-based or tech firms. The rents are higher than in the suburbs. Some of these buildings may total over 1,000,000 square feet.

SUBURBAN OFFICE BUILDINGS

These buildings are usually mid-rise structures that range anywhere from 80,000 to 400,000 square feet and are located outside the city’s downtown and high-rise areas. They could be part of an office-park-like area. The rent is lower than in the central business district. Companies here can include many different industries. This grouping can be single-tenant properties or multi-tenant, depending on the location. Choosing between areas and classes needs to be done after analyzing your staff ’s needs, commutes, and preferences. An experienced commercial agent will help you determine the best fit. This area would be very popular for the company if it wants to own the space it is working in.

INDUSTRIAL

These buildings can house operations for a wide range of companies. They tend to be located outside urban areas, especially

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