5 Main Categories Of Business Real Estate

​Are all real estate properties the same? If you're newly interested in business real estate, you've come to the right place. In this post, we'll look at five different categories of commercial space and explain why each is an attractive option.

1. Office Space
Offices can be rented by companies and individuals, as well as co-working spaces that provide office space for freelancers and small businesses. These can be found in CBD locations (central business districts), suburban areas, or niche office types such as medical offices or law firms.

2. Retail Space
This is the most common type of business real estate. It's used by businesses selling products to consumers, from retail and grocery stores to clothing boutiques and bookstores.

When you lease retail space, it's typically for a long-term period (five years or more). If you purchase retail space, your ownership rights extend only to what's behind its walls. That means you can't build anything on top of it; this limits your options for future expansion.

3. Industrial Space 
Industrial space is used for manufacturing, warehousing, and distribution. It can be located in industrial parks or on private property. Industrial real estate is often rented on a long-term lease, making it an attractive option for companies looking to invest in their future growth without worrying about the maintenance costs associated with owning property.

4. Multi-Family Residential Space 
Residential spaces are rental properties used for people to live in. These can be apartments, townhouses, condominiums, or other forms of housing.

There are many different types of multi-family residential spaces, including:

Apartment Complexes a.k.a "Apartments"
These are buildings with several units, each with its bathroom and kitchenette. They often include communal areas such as a lobby or laundry facilities shared by all building residents.

Condo Complexes a.k.a "Condos"
These consist of multiple stories stacked on top of one another like a stackable bookshelf. Each unit has its bathroom and kitchenette but shares common hallways between units at ground level. The layout helps prevent noise from disturbing neighbors' peace while allowing light into every unit!

5. Hospitality Space
Hospitality space is a large category that includes:

• Hotels
• Motels 
• Resorts
• Extended-stay housing
• Convention and meeting centers (CMCs)
• Inns
• Retreats, and other lodging types

This type of real estate can be full-service or limited service depending on the location. Generally, it refers to multi-use buildings where one tenant's use involves anything from short-term living to full-service facilities. 

Wrapping Up
A business real estate investment can be a lucrative way to grow your company and create more jobs. However, this process is not easy and requires careful planning and execution. Knowing the options available is key to beginning your venture into real estate.

At Arnold Insurance Agency, LLC, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (318) 965-5953. You can also request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!