Commercial property types, to put it simply, are properties that fall outside that of a residential setting. This includes:
Office space – one building or clusters of buildings intended for office use. To get the #1 London flat rental agents In London you may check our site.
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Retail area – stand-alone stores, in addition to shopping centers – really anywhere you can spend money.
Mixed-use properties – for instance, you may have a boutique or company on the ground floor with apartments upstairs.
Industrial space – distance typically devoted to manufacturing, warehousing, research, and development, in addition to light & heavy industrial applications.
Hospitality – this includes complete and partially limited serviced hotels and motels.
Multi-unit apartment buildings – any strictly residential properties with more than four components
It's important to remember that all these industrial properties are listed or zoned for commercial, industrial or retail use. Commercial properties are usually located on main thoroughfares, boulevards or paths with many different other commercial buildings.
Consider your trips to the grocery store, the dry cleaners or the drugstore. They are all usually found together perfect? But what do they all have in common? The end goal for all of them is pretty much exactly the exact same and that's to generate income for their investors.
Investing in commercial real estate can initially be somewhat intimidating. It's a higher-risk investing in residential property.
You will need more money in your pocket, the bank lending criteria are harder, and after you've got the loan, you occasionally have to play the waiting game at the same time you pick up the rates, this will last for months on end.