Office
Office buildings, like multifamily properties, are categorized into low, mid, and high rise based on their size. Office buildings are typically grouped into one of three categories: Class A, Class B, or Class C.
These classifications are relative and depend largely on context, such as the building’s location and the health of its surrounding market. Class A buildings are considered top-tier, boasting superior construction and prime locations. Class B properties may feature high-quality construction but are situated in less desirable locations. Class C buildings are often characterized by their dilapidated condition and unfavorable locations.
Central Business District (CBD)
Office buildings situated in a Central Business District (CBD) are positioned at the core of a city. In major metropolises like Chicago or New York, and in some mid-sized cities like Orlando or Jacksonville, these buildings encompass high-rise structures located in downtown areas.
Commercial Real Estate Finance
Multi-family
Multifamily properties bridge the gap between residential and commercial real estate, offering versatility for both living and investment purposes.
Office
Office buildings, like multifamily properties, are categorized into low, mid, and high rise based on their size.
Industrial
The size of industrial properties can vary significantly, depending on their intended purposes.
Retail
Strip / Shopping CenterStrip centers are compact retail properties that may feature anchor tenants or operate independently.
Hotels/ Hospitality
Typically situated in central business districts or popular tourist destinations, full-service hotels are affiliated with renowned brands
Mixed Use
Mixed use properties, while their own distinction, can actual be a combination of any of the aforementioned types of commercial property.
Land
Greenfield / Agricultural LandGreenfield land denotes undeveloped areas such as farms or pastures.
Special-Purpose
The aforementioned categories encompass the primary types of commercial real estate.