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TYPES OF COMMERCIAL BUILDINGS AND THEIR DEFINITIONS
by Swan Belley Construction without CompromisePeople have different images in mind when asked about commercial buildings. This is mainly due to the confusions spread by the Internet, where every other kind of building is tagged as a "commercial apex building".
However, only the apex builders who hold expertise in different kinds of construction can differentiate between residential, commercial or any other kind of buildings. By the end of this post, you too will a clear perception in mind regarding "What Is A Commercial Building?"
Here are the 5 common types of commercial real estate properties.
Office Buildings:
- As far as office buildings are concerned, they can be single, multi-tenanted or built-to-suit lease type building.
- In most cases, you will find them being classified as urban and sub-urban properties and here, urban properties are basically, high rise properties that are found in downtown areas.
- Then, there are sub-urban commercial apex buildings that are generally mid-rise buildings and found in the outskirts of any city.
- Typically, traditional office space is classified as A, B or C and Class A buildings are considered the most prestigious in the commercial real estate market.
- According to the experts of building services, Class A buildings are also in prime locations and have the most modern amenities.
- Then, comes the Class B offices that are nice, but these are generally a little older, but still have good quality management.
- The next in the list is the name of Class C office buildings that are the lowest in terms of classification of office spaces and buildings.
- These Class C buildings are generally older buildings and are located in less desirable locations in the city and in most cases, there are craving for a huge renovation project as well as building services.
Industrial Properties:
- The next type of commercial property is the industrial units and here, industrial units mean manufacturing facilities, warehouses, distribution centres and research and development spaces.
- All the names listed above can be classified as commercial buildings, but manufacturing and development properties that are build-to-suit buildings are difficult to reoccupy without extensive changes.
- Similarly, warehouses and distribution centres can be more generic buildings and you will find these industrial properties mainly along major transportation routes outside of urban areas.
Retail Centres:
- The next name in the list is of the retail centres that are generally spaces available for lease and mainly intended for grocery stores, shopping centres, restaurants, strip malls and regional outlet malls.
- Experts of apex building say that these retail spaces can also be single or multi-tenanted or stand-alone buildings.
Multi-Family Complex:
- Lastly, there are multi-family complexes that are also tagged as commercial building and these complexes could include anything larger than a building that consists of four separate apartments.
- According to the experts of building services, this could include apartment complexes, downtown high-rise apartment buildings and condos.
One more thing added by these experts is that very similar to office properties, these multi-family complexes can also be classified from A to D.
- Class A - Luxury apartments with top amenities including swimming pools, saunas, gym and cafes.
- Class B - Usually 10 to 25 years old, but they are generally well maintained.
- Class C – More than 20 years old and require renovations and repairs.
- Class D - More than 30 years old and often located in less desirable areas.
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About Swan Belley 
Construction without Compromise
2 connections, 0 recommendations, 10 honor points.Joined APSense since, March 5th, 2019, From Sydney, Australia.
Created on Oct 11th 2019 02:24. Viewed 391 times.
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