A successful commercial property business is founded on a solid understanding of commercial real estate. You must know and understand the various definitions of Commercial Real Estate Lawyer Etobicoke, why it is a better investment compared to residential property, and the various categories of commercial properties. That said, here are various options you may consider for commercial real estate properties.
Offices
This type is subdivided into either urban or suburban. The urban category is found in major cities in the form of high-rise buildings and skyscrapers. The suburban category has smaller structures and is often found in office or business parks. They can be single or multi-tenanted, and most of them are constructed to suit specific businesses. They fall into three categories, namely A, B, and C. A represents the most prestigious offices with rents that are above average for the area. B is regular offices with rent suitable for the area, while C has functional offices with rent below average for the specific area.
Retail
This comprises of buildings that house supermarkets, restaurants, and other retailers that you often visit. They can be multi-tenant or single-tenantedon stand-alone buildings. It is difficult to categorize a retail property as the category is determined by factors such as its size, type, concept, trade area, and the number of tenants.
Industrial
This is among the first property options that come to mind when you mention Commercial Real Estate Lawyer Etobicoke. These properties house industrial operations for various tenants and are often located on the outskirts of an urban setting. Industrial properties fall under four categories: light assembly, bulk warehouse, flex industrial, and heavy manufacturing. There is also an upcoming category under industrial properties referred to as research and development facilities. There are plenty of industry regulations where industrial real estate is concerned. Ensure to research your specific area of interest.
Whether you want to buy, sell or invest in Commercial Real Estate Lawyer Etobicoke, the easiest way to get started is through learning everything about commercial properties. Social media groups and market research also come in handy in helping you make an informed decision.
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