They can be classified into three categories – Class A, B, and C, based on factors like aesthetics, age, amenities, and infrastructure. The perfect suburban office space often includes elements such as open space, good lighting, heating/cooling systems, connectivity, and a kitchen/dining area. Jamie Stadtmauer is the Vice President of Business Development at Agora and has over 20 years of experience in commercial real estate investing.
For example, retail includes stand-alone stores, strip malls, restaurants, big-box stores, fitness facilities, family entertainment centers, regional malls, and large shopping complexes. Healthcare and medical facilities include hospitals, nursing homes, outpatient care centers, and specialized medical centers. These properties are characterized by their high-tech infrastructure and strict regulatory requirements.
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These are called commercial properties, and they fall under the umbrella of commercial real estate, which is very different from residential. When assessing a potential investment in commercial real estate, you should consider the best- and worst-case scenarios for the property. Where is it located, and how will that location contribute to the success of the tenant? Finally, make sure to consider the potential return on investment and make sure it is high enough to take the risk. If remote work remains the norm, office real estate may not recover or must be repurposed, which can be costly.