5 commercial real estate categories

9/11/2019 (Permalink)

Inside a Mall

Retail - will include outdoor, and indoor malls, and big-box retailers, plus restaurants and grocery stores too. Their value around $2.1 trillion. It comprises to the lowest degree 9.5 billion square feet of space.

Hotels - luxury resorts, motels, and business hotels are included. It doesn't add homes where people use Airbnb to rent rooms. The total number of hotel rooms is 4.4 million.

Office buildings - include Manhattan skyscrapers to your local coffee shop. The square feet of office space in the country is about 4 billion.

Apartment buildings - are commercial real estate. Companies hold them only to make money. Some studies add apartment building information into statistics for residential instead of commercial real estate. There are about 33 million square feet of rental space for apartments.

Industrial property - is used to warehouse manufacture, or distribute a product. Many times it's not considered commercial property, peculiarly in land use programs and zoning. Industrial property accounts fo 13 billion square feet.

Different commercial real estate classifications are so much smaller. They consider several non-profits, like schools and hospitals. Empty land can be considered commercial real estate if leased and is not being sold.

We take pride in topnotch cleanup and restoration services to a broad range of commercial facilities and properties such as:

Office Buildings
Hospitals & Medical Centers
Shopping Malls
Apartment Buildings
Factory Buildings
Universities and Schools
Restaurants
and more

We are here to help, and we never close. We are open 24/7/365. Give us a ring at 800-734-3213