Types of Commercial Real Estate

Commercial real estate is of different types. These buildings are used for a variety of purposes beyond basic residency. Most people do not understand the different types of commercial real estate available for development. In this guide, we will discuss some of these different types of these commercial real estate properties. Before embarking on any projects, ensure you consult a commercial real estate consultant in Portland OR, for guidance.

Multifamily

These properties are a hybrid of commercial and residential buildings. Usually, they serve as residential buildings, but their main purpose is to serve as an investment vehicle whether tenants occupy them or not. These buildings are usually duplexes, multi-handed units, and story buildings of various kinds. These kinds of buildings are best suited for a riverfront developer in Portland, Oregon.

Garden Apartment Building

These apartments are usually 3-4 stories high, with around 55-400 units. They are a collection of low-rise buildings on a single property where they share land space with other properties. These buildings typically do not have elevators, but they include surface parking. Garden apartment buildings are nice commercial property to own and part of a larger portfolio. You can consult a commercial real estate consultant in Portland, OR for more information.

Mid-Rise Apartments

Mid-rise properties are about 5-12 stories high and usually contain between 30-110 apartments. The buildings contain basic amenities such as elevators to carry people in and out easily. Mid-rise apartments are usually built in urban infill areas, and a riverfront developer in Portland, Oregon, carries out the construction.

High-Rise Apartments

These types of apartments are only found in large real estate markets. They usually contain around 100 professionally managed units. High-rise buildings do not have a fixed upper limit, and they are usually classified as "high-rise" when they exceed 10-12 floors. This lower limit is common in most real estate markets. Once a high rise exceeds 30-40 stories, it has entered into Skyscraper territory, and it becomes designated as such when it hits a certain height.

Conclusion

Different commercial properties are available on the market. If you are looking into investing your money in commercial real estate, you should speak to a real estate consultant before committing significant amounts to an investment. It would help if you remembered that although general knowledge is good, it is always best to conduct more research before making any decisions.