Commercial properties come in a wide range of styles and sizes, each with its own unique characteristics and potential uses. If you are considering investing in commercial real estate, it’s important to have a basic understanding of the different asset classes of property available. We understand that it can be intimidating to consider the amount of research, administration and money that goes into purchasing commercial property however this doesn’t have to be the case. Below is a brief breakdown of some of the different varieties of assets you may elect to purchase based on your circumstances.
Commercial office spaces are available in many different scopes. These could be in the center of the CBD in a large high-rise building, or in a smaller suite out in the suburbs. They can be leased to businesses as a whole building, floor or individual office space. Choosing which option is more suitable for your investment portfolio will depend on the kind of tenant you are targeting. Some key things to take into consideration are the sectors with the most employment growth, a business’s ability to work in a hybrid environment (especially in a post COVID world) and the office’s accessibility for the workforce.
Industrial spaces are commercial properties designed for businesses that require space for manufacturing, storage, or distribution. These properties can range in size from small warehouses to large industrial parks. They are typically located in areas with easy access to transportation, such as highways or ports and are not inner city. Industrial buildings can be leased to businesses as a whole building, or individual spaces.
These are commercial properties designed for businesses that sell goods and services to the general public. These properties can range in size from small retail shops to large shopping malls. They are typically located in high-traffic areas and can be leased to tenants as a whole building, or individual retail spaces. Retail buildings may be anchored by a large tenant or grocery store and include smaller tenants, such as restaurants, clothing stores, and specialty shops as well as essential services such as medical centers.
Hospitality buildings are commercial properties designed for businesses in the hospitality industry, such as hotels, motels, and resorts. These properties can range in size from small motels to large resort complexes. They are typically located in high-traffic areas, generally in tourist destinations, and can be leased to businesses as a whole building or individual rooms.
Mixed-use buildings are commercial properties designed for a combination of uses, such as retail, office, and residential. These properties can range in size from small mixed-use buildings to large mixed-use developments. They are typically located in urban areas and can provide a range of amenities to residents and tenants.
The commercial real estate market is diverse, with a vast range of property types and potential uses. Understanding the different types of commercial properties available is essential when considering investing in a commercial asset. By identifying the type of property that best suits your investment goals, you can make informed decisions and maximize your return on investment.
If you are looking for more direction regarding commercial property investment or you are unsure about what asset you are best off purchasing in today’s market, get in touch with one of our agents today on 1300 458 800 or email email@example.com.