Similar to the differences in commercial leases, there are many types of commercial real estate, with these properties broken down into five specific sectors.
Within each sector, you’ll find several different types of properties. Here’s some information pertaining to the five primary sectors:
Office buildings typically fit into one of two categories:
For example, urban office buildings are found in city settings and often include high-rise properties, such as skyscrapers.
Office buildings also fit into one of the following three tiers:
- Class A
- Class B
- Class C
From stores to restaurants, retail commercial real estate is found all over the country and state of Florida. These properties can be single-use or multi-tenanted.
The retail sector is more complicated than many others, as it’s dictated based on a variety of measures, such as concept, size, and number of tenants.
As the name suggests, industrial commercial real estate houses companies that partake in some form of industrial operation. Properties typically fall into one of the following categories:
- Heavy manufacturing
- Flex industrial
- Bulk warehouse
- Light assembly
This sector entails all types of residential real estate with exception of single family homes, which include condos, apartments, townhouses, and co-ops.
Multi-family properties are classified as follows:
- Class A
- Class B
- Class C
Also, there are six types of multi-family properties:
- Special purpose hosing
- Manufactured housing
Hotels can be independent or part of a hotel chain, such as Marriott or Holiday Inn. These properties fit into one of six categories:
- Full service
- Limited service
- Extended stay
There are a variety of details associated with each type of commercial real estate, which can sometimes make it difficult to differentiate.
If you have any questions about buying or selling, don’t hesitate to contact us. We can explain the types of commercial real estate, answer your questions, and more!
If you have questions or require guidance on different types of commercial real estate, don’t hesitate to contact us. We can help you with all aspects of the lease process throughout Southwest Florida and Fort Lauderdale.
About TCG Florida
At Trinity Commercial Group, Inc., our multi-disciplined team of professionals is widely respected for providing excellent leadership in a variety of commercial real estate services for landlords and tenants.
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