For those new to commercial real estate investing, understanding the different types of commercial real estate is a fundamental step toward building your portfolio. In this episode, Patrick and Noelle break down the eight major types of commercial real estate, including:
Multifamily Real Estate: Properties with five or more living units, such as apartment complexes.
Office Space: Buildings housing business offices, such as urban skyscrapers or suburban properties in office parks.
Industrial: Facilities used for production, storage, and distribution of goods, often characterized by large, low-rise buildings.
Retail: Spaces where businesses sell products or services, located in consumer-accessible areas like malls or downtown zones.
Hospitality: Establishments providing accommodations for travelers, from luxury hotels to boutique motels.
Special Purpose: Unique properties that are challenging to utilize for other purposes, like theaters, schools, and churches.
Land: Plots used or intended for commercial use, from agriculture to developed housing.
Mixed-Use Real Estate: Combines two or more types of commercial real estate in one property, such as retail with residential units above.
Each category caters to different investor goals and market demands, from providing living spaces to facilitating consumer transactions. Understanding these distinctions can guide investors toward more informed decisions in the commercial real estate market.
If you want to read more about the different types of commercial real estate, visit: https://www.schoolofcrei.com/what-is-commercial-real-estate/
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