Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, farm land, multifamily housing buildings, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
Types of commercial Property
Office Buildings :
This category includes single‐tenant properties, small professional office buildings, skyscrapers, and everything in between.
Industrial
This category ranges from smaller properties, warehouses, R&D properties, larger office service or warehouse properties to the very large big box industrial properties. An important, defining characteristic of industrial space is height. We also consider the type and number of levels that the property has. Eg. Ground Level includes parking lot and the warehouse floor if on the same level.
Retail/Restaurant
This category includes pad sites on highways, single tenant retail buildings, small neighborhood shopping centers, larger centers, “power centers” with large anchor stores such as Reliance, Shoppers Stop, and so on even regional and outlet malls.
Multifamily
This category includes apartment complexes or high‐rise apartment buildings. Generally, a fourplex or more is considered commercial real estate
Land
This category includes investment properties on undeveloped, raw, rural land in the path of future development. Or, infill land with an urban area, pad sites, and more.
Miscellaneous
This catch all category would include any other nonresidential properties such as hotel, hospitality, medical, and self‐storage developments, as well as many more.
