Special-Purpose
The aforementioned categories encompass the primary types of commercial real estate. However, numerous other commercial properties exist, developed and owned by investors. This is where the concept of “special-purpose” properties comes into play. It serves as a catch-all classification within commercial real estate.
Special-purpose properties encompass a wide array of assets, including amusement parks, bowling alleys, parking lots, stadiums, theaters, zoos, and much more. While CRE professionals continue to deepen their knowledge of each asset type over time, having a foundational understanding of the diverse landscape of commercial real estate is an excellent starting point.
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.