Types of Commercial Property
Commercial real estate is commonly divided into six categories:
Category | Examples |
---|---|
Leisure | hotels, public houses, restaurants, cafes, sports facilities |
Retail | retail stores, shopping malls, shops |
Office | office buildings, serviced offices |
Industrial | industrial property, office/warehouses, garages, distribution centers |
Healthcare | medical centres, hospitals, nursing homes |
Multifamily (apartments) | multifamily housing buildings |
Of these, only the first five are classified as being commercial buildings. Residential income property may also signify multifamily apartments.
Read more about this topic: Commercial Property
Famous quotes containing the words types, commercial and/or property:
“... there are two types of happiness and I have chosen that of the murderers. For I am happy. There was a time when I thought I had reached the limit of distress. Beyond that limit, there is a sterile and magnificent happiness.”
—Albert Camus (19131960)
“It is only by not paying ones bills that one can hope to live in the memory of the commercial classes.”
—Oscar Wilde (18541900)
“In the Greek cities, it was reckoned profane, that any person should pretend a property in a work of art, which belonged to all who could behold it.”
—Ralph Waldo Emerson (18031882)