8 Types of Commercial Real Estate

When most people hear, commercial real estate, they usually think of office space, retail, and hospitality/hotels. 

While these are all right answers, they’re only a handful of the different types. Today, I’m going to be talking about the 8 common types of commercial real estate.

8 Types of Commercial Real Estate

1. Multi-family - This is defined by a property that has 5 or more residential units. Think residential duplexes, co-ops, apartments, and townhouses.

2. Office - Exactly as it sounds. Office space for businesses, dentists, doctors, banks... you get the idea.

3. Retail - Self-explanatory, but this applies to any business that is selling products in a commercial space. Some examples are Target, Walgreens, and Home Depot.

4. Hotels/Hospitality - Again, like it sounds. Hotels, restaurants, and bars.

5. Industrial - While your first thought may be manufacturing factories, this type of space also includes warehouses, distribution centers, production facilities, and storage centers.

6. Mixed Use - This type of commercial real estate means the space has more than 1 purpose. For example, think of a hotel that also has a retail store, restaurant, and or gym. Another example would be a space where retail is on the first floor and apartments are on the floors above it. This type of space can be a great investment choice.

7. Land - This refers to undeveloped land. Some examples include ranches, orchards, and farms.

8. Special Purpose - It usually is considered a “special purpose” if the type of property doesn’t match any of the other types. This can be an amusement park, churches, bowling alleys, and movie theaters to name a few. 

Have an Idea? Question?

Commercial real estate can be a great investment choice. If you have any questions, let’s chat! I have extensive background in almost all these types of the spaces, and would love to answer any of your questions.