The main types of commercial real estate include Office, Retail, Industrial, Multi-family, Hospitality, Mixed-Use, and special purpose.
- Office : These range from skyscrapers in city centers to small buildings in suburbs. They’re categorized into Class A, B, or C, based on their amenities and locations.
- Retail : This category includes shopping centers, strip malls, and individual retail stores. Retail spaces can vary greatly in size and type, from small boutiques to large department stores.
- Industrial : These are typically located outside of urban areas and include warehouses, distribution centers, manufacturing facilities, and flex spaces that combine industrial with office use.
- Multifamily : Although residential, multifamily rental properties (like apartment complexes) are considered commercial real estate when they contain five or more units.
- Hospitality: This encompasses hotels, motels, and other short-term lodging facilities, ranging from economy to luxury services.
- Mixed-Use Buildings: These properties combine two or more uses within the same building or development, such as retail on the ground floor with apartments above.
- Special Purpose: This category is for properties that don’t fit into the other types, including schools, churches, medical clinics, and government buildings.