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Commercial Real Estate: Types of Property

by Akash Sharma Akash Sharma

Before you step into the sphere of commercial real estate, it is important to first learn about the types of sectors that make up the commercial real estate, which is also defined as properties that actually have the potential to generate profit through various capital gains or rental income. While you probably already know the basics, there are different types of properties in each sector.

 

Office

Urban and suburban - these are the two categories that office buildings are generally divided into. While urban office buildings are found in cities and also include skyscrapers and several high-rise buildings and properties with some that are actually as high as several million square feet in size; suburban office buildings are normally a lot smaller in stature and size and are also sometimes grouped in office parks. KCT Group is one such boutique developer of ultra-premium commercial properties that owns and manages over five lac square feet of supremely developed real estate in various cities across the country

 

Industrial

Industrial operations are housed by industrial buildings for a variety of tenants and most of them are located on the outskirts of urban areas, especially along all the major transportation routes. In fact, the low-rise buildings can also be grouped into the category of industrial parks.

 

Retail

The properties that house the retailers along with restaurants that we often visit or frequent can either be multi-tenanted, that is often with an anchor or lead tenant that serves to drive traffic to the property, or it can also be single-use or standalone buildings.

 

It is only obvious to claim that the retail sector is slightly complicated. For example, whether it is a regional mall, a shopping centre or a community centre - they are all dictated by many metrics, which includes the size, concept, types and of course, the number of tenants and the trade area as well. For all the single-tenanted buildings that you may come across, include big box centres.

 

Multifamily

This is yet another type that is important to note. The multifamily sector covers almost all types of residential or commercial real estate outside of single-family, which also includes apartments, co-ops, town homes as well as condos.

 

Special Purpose

Special purpose real estate, although owned by commercial real estate investors, they do not fall into any of the sectors mentioned above. Amusement parks, self-storage, bowling alleys and even churches are all special purpose facilities.

 

Now that you know all about the types of properties in each sector, you might want to look for a developer. In case you are, your search ends at KCT Group, headed by Varun Thapar.

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About Akash Sharma Innovator   Akash Sharma

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Joined APSense since, May 8th, 2019, From Delhi, India.

Created on Oct 26th 2020 06:08. Viewed 183 times.

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