8 Pro Tips for Effective Commercial Real Estate Leasing

5 Different types of Tampa Commercial Real Estate

Commercial real estate (CRE) covers a wide range of property types that serve business needs. From towering office buildings, to diners, commercial properties come in various shapes and sizes reflecting the diverse range of businesses they host. Investors, entrepreneurs and developers benefit from understanding the categories within real estate to make well informed decisions. Let’s delve into an overview of the five types of commercial real estate properties;

1. Office Space

Office buildings are among the forms of commercial real estate. These properties can vary from single tenant office buildings to towering skyscrapers located in bustling city centers. Office buildings are typically classified into three categories:

  • Class A; Newer high end properties offering top notch amenities, located in highly desirable areas and boasting premium finishes.
  • Class B; Typically well maintained buildings with facilities that may not match Class A’s appeal but still offer quality spaces.
  • Class C; Older properties with fewer amenities that might need refurbishment; usually found in less sought after locations.

2. Retail/Dining Establishments

Retail properties serve as venues for selling consumer goods and services.

Pam Pester of Tampa Commercial Real Estate says, “Retail properties encompass a variety of spaces, including shops and cafes, as well as large shopping centers and malls. These properties are strategically positioned to attract foot traffic and increase consumer visibility. They can stand alone or be part of a larger mixed-use development that includes offices and/or residential units.”

3. Industrial

Industrial real estate plays a role in supporting logistics, manufacturing and warehousing activities. Typically situated outside city centers in industrial parks or near transportation hubs these properties can be classified into different types:

  • Heavy Manufacturing; Customized facilities tailored for manufacturing processes.
  • Light Assembly; specialized spaces used for product assembly or storage.
  • Bulk Warehouse; Spacious storage areas for distribution centers.
  • Flex Industrial; Spaces that blend office functions accommodating manufacturing, research and development and administrative operations.

4. Multi-Family

I reached out to Jake McClure of Burling Square Group for his take on multi-family.

“Multifamily properties are spaces designed to accommodate residential tenants. Ranging from duplexes to apartment complexes these properties are considered commercial real estate when they contain four units or more. Multi-family real estate is often where first time real estate investors make their initial investment. “

5. Special Purpose Properties

Special purpose real estate refers to properties built for specific purposes that do not neatly fit into traditional categories. This can encompass hotels, educational institutions, places of worship and medical facilities. Investing in special purpose properties typically demands a comprehension of the particular industry and market dynamics.

Having a grasp of the types of real estate is essential for individuals seeking to invest in developments or engage with the commercial real estate (CRE) sector. Each category presents features, obstacles, and possibilities. Whether you are drawn to the income potential of apartment buildings, the prime office properties locations, or industrial sites there is a niche, within the CRE market that aligns with your interests.

At Mobiliti CRE, our dedication lies solely in serving tenants across Tampa Bay and throughout Florida, guiding them through relocations, expansions, reductions, and subleasing processes. Additionally, we extend our expertise to businesses in search of purchasing office spaces, medical offices, flex, and industrial properties. For comprehensive support with all your commercial real estate requirements, contact us at (813)-300-2227 or send an email to pam@mobiliticre.com.