What are the different types of Commercial Real Estate?

Multifamily

Multifamily properties includes everything from a duplex, triplex, quadruplex, garden apartments, mid-rise and high-rise apartments

Office buildings

These office buildings are usually grouped into one of three categories: Class A, Class B or Class C. There are central located in the city center or suburban office buildings located outside of a city center.

Industrial properties

Another type of Commercial Real Estate would be industrial properties. We have light assembly structures for product assembly or storage. There are also heavy manufacturing companies that tend to be very well customized for a specific type of production. Industrial properties also cover flex or bulk warehouses. Flex warehouses are properties that can be converted into office and industrial space. Then bulk warehouses on the other hand are designed for distributing products and they cover 50000 or even 1 million square feet.

Retail properties

Retail properties are very common Commercial Real Estate properties and these are sold or rented to businesses as well. In this category we can include strip/shopping center, community retail center, regional malls, power centers or out parcel.

Hotels

Hotels cover establishments offering short and long term accommodations to travelers for leisure or business purposes. The most common types of hotels are Full Service Hotels, Limited Service Hotels and Extended Stay Hotels

Mixed use properties

Mixed use properties combine multiple types of Commercial Real Estate. That means such a building can have a shop at the bottom and office buildings on top. These have become very common in recent years, especially in major urban areas. 

Special purpose properties

These special purpose properties are designed for things like amusement parks, theaters, zoos, bowling alleys and so on. As you can see, the thing in common is that they are all designed for an income-generating activity.

Land

This specific category focuses on investment properties that will be constructed on that land in the future. These can be infill land sites, pad sites and anything similar.

What are the advantages of Commercial Real Estate?

Many investors choose Commercial Real Estate as a great way to generate passive income. These properties have very attractive leasing rates, and they also bring in great returns and a very good cashflow every month. On top of that, these properties have a longer lease contract when compared to residential real estate. As a result, the Commercial Real Estate property owner has more financial stability due to a consistent cashflow.

In addition, Commercial Real Estate properties tend to appreciate overtime. That means aside from a consistent cashflow, you also get to have a very good return when you eventually sell the property. And while the initial investment is a higher one when compared to a residential property, the return on investment is much better in the long run.

Conclusion

Investing in Commercial Real Estate is a very good idea, since it can help bring in an amazing ROI and value. On top of that, you can find a large variety of real estate properties to choose from. It’s a great idea to take your time and assess the value and potential benefits of appealing Commercial Real Estate in your area, then choose the option that delivers the utmost value for money! 

Contact Rob Gasca Real Estate Group Today!

If you’re in the market to buy, sell, or lease commercial real estate in the Puget Sound Region, let Rob Gasca Real Estate deliver the service you deserve. Contact us today to hear more about the services we offer.