Types Of Commercial Real Estate Properties

Commercial real estate is also called commercial property, which has its aim to generate profit, either from rental income or capital gains. Commercial real estate properties include office buildings, multifamily housing, hotels, and so on. When it comes to real estate, the developers play a significant role. One such promising and trustworthy developer is the KCT group headed by Varun Thapar. There are several categories of commercial properties. 

Office Buildings

The office buildings are further divided into two categories which are urban and suburban. The construction of the building depends on its location. Office building in urban areas requires more specifications and detailing that includes skyscrapers and high-rise buildings with advanced infrastructure. On the other hand, an office building in the suburban area usually has a smaller size and details, and sometimes they are clubbed as office parks. KCT Group is one such developer of the commercial properties of different levels that owns and manages over five lac sq ft of real estate property across the nation.  

Industrial Buildings

Industrial buildings have a variety of purposes and are primarily located on the border of the urban areas. The important factor that influences the location of the industrial buildings is the transportation facility. Mainly industrial buildings are located along the highways. 

Retails

Retail properties are the properties that are visited by people more often. These properties require a multi-talented infrastructure needed to satisfy the common people's expectations and make them feel comfortable. It can either be a single-use building or standalone building.  

It may be acceptable to say that the retail sectors are a bit complicated. The reason is that, whether the retail sector may be a shopping mall, regional malls, or a community centre, they require many measurements like the size, concept, types, and a number of occupants, and the growth of the trade. 

Multifamily Buildings

The multifamily real estate sector covers all types of residential as well as commercial real estate, which are well-suited for apartments, cooperative apartment houses, townhomes, and condominiums. In these kinds of building above infrastructure, the living ambiance is essential to maintain peace in life. 

Special Purpose Buildings

The special-purpose buildings include amusement parks, self-storage buildings, bowling alleys, and even churches. Though these buildings come under the category of commercial real estate property, they don't fit in any of the sectors mentioned above.  

These are the existing types of commercial real estate that you can choose from based on your requirements and future plans. When you start looking for a reputed developer, you end up at the KCT group led by Varun Thapar.  

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Created on Apr 14th 2021 23:23. Viewed 296 times.

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