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What is Commercial Real Estate? Part 2

outdoor shopping mallIn a previous post, we began discussing some of the different classifications of commercial realty. That list only touched on some of the types of properties though, so we’re here to give you even more information on the various types of commercial real estate.

Industrial

Industrial properties can range from very small site to very large ones that house warehouses or large manufacturing sites. They also tend to fall into different categories based on the size of the space: heavy manufacturing, light assembly, flex warehouse, and bulk warehouse. Light assembly and flex warehouse spaces tend to be easily reconfigured if necessary while heavy manufacturing and bulk warehouse spaces tend to be designed for more specific functions and operations.

Retail

Retail properties are also categorized by their various sizes. Smaller areas are considered strip centers which may or may not contain a larger retailer (anchor tenant) to draw attention to the location. Community retail centers are larger, around 150,000-350,000 square feet and tend to have a larger population of anchor locations and restaurants. Malls can be anywhere from 400,000-2,000,000 square feet and consist of many large retail names.

If your business needs a new location or is interested in selling or lease an old property, contact the professionals at CarolinaRE.com. Our services for commercial real estate in Greensboro, NC and the surrounding area will help you find the perfect location. Contact us today for information at (336) 286-9867.

What is Commercial Real Estate? Part 1

office buildingAs opposed to when a person is looking for a new home or apartment to rent, commercial real estate refers to any property (buildings or land) that is used for exclusively business activity. This would include properties such as stores, malls, office buildings, and industrial parks. We’ve laid out some of the different types of commercial properties below to help distinguish and elaborate on them.

Land

This investment appeals to a variety of buyers, making it popular real estate. Commercial land can be held (buying it and holding it for future use), divided, subdivided, or developed for any number of uses. Ground leases, or land leases, are common for agricultural uses, advertising billboards, or for the development of commercial uses like restaurants, offices, hotels, or retail.

Office

Office buildings are typically categorized as either single-tenant properties or multi-tenant properties. Multi-tenant buildings typically appeal to investment buyers. We’ll expand on the different classifications (A, B, and C) of office buildings in a future blog post – keep an eye out for it!

If your business needs a new location or is interested in selling or lease an old property, contact the professionals at CarolinaRE.com. Our services for commercial real estate in Greensboro, NC and the surrounding area will help you find the perfect location. Contact us today for information at (336) 286-9867.

Welcome to Our Blog

Carolina commercial realty incorporated logoWelcome to our blog at CarolinaRE.com! Our licensed commercial real estate firm has more than 50 combined years of experience and all of the necessary skills to help your business. We operate in the Triad region of North Carolina. This means we’ll help you buy, sell, or lease commercial real estate in Greensboro, High Point, Winston-Salem, and the surrounding towns and counties.

Our brokers stand out from the rest because of our dedication to our customers. We ensure to stay up to date on all laws and regulations regarding the purchase, sale, and leasing of various property types and belong to several organizations that demonstrate our dedication to customer satisfaction. We’re proud members of the National Association of Realtors, the North Carolina Association of Realtors, and the Realtors Commercial Alliance.

So, if your business has recently outgrown its present location or you’re looking to add another location to boost your visibility, get in touch with our realtors to begin discussing your options for commercial real estate in Greensboro, NC and the surrounding areas. We’ll help you every step of the way until you find the perfect spot for your business, and if you’re interested in selling or leasing your old location, we’ll take care of that as well. Contact us by visiting CarolinaRE.com or calling us at (336) 286-9867 to speak with a member of our staff.