When one discusses commercial real estate, you have to take into account a broad variety of properties. The term commercial real estate means any property which is used in a direction that will allow some type of income. This could be for renting, for businesses, and even farmland. At the Mindful Capital Group, we are proud to offer extensive knowledge of all matters of the real estate market to our clients.
Different Types of Properties
Commercial real estate encompasses almost all types of business. Below is a list of the most common types of commercial real estate and notes about each.
Retail – Retail commercial real estate is a loose term the encompasses many types of establishments. This could be a local convenience store or a huge mall with multiple stores. This type of property is profitable because of the store’s leasing terms.
Mobile Park Homes – Mobile park homes are a unique type of property. Due to low cost, tenants are less likely to leave, but if they do leave, they are much easier to replace. However, one problem, is that some of these areas will require maintenance due to improper care.
Self-Storage / Warehouses – Storage spaces are one of the most sought-after types of property on the market right now. With social distancing requirements becoming mandatory all over the country, there is a greater need for extra storage space for equipment and other personal needs.
Multifamily – Multifamily properties include any property that is being leased or rented for a profit. Multifamily commercial real estate would include housing developments, apartments, or any property with five or more units.
As you can see, there are a few different types of commercial real estate properties. Each one has its own benefits when trying to produce profits in a rollercoaster market. Currently, warehouses and self-storage spaces are being sought-after like never before. If you need help from an experienced group of real estate agents, then contact the Mindful Capital Group as soon as possible!