His work appears on dozens of well-known finance sites, including Credit Karma and The Balance. Commercial real estate is a complex field that requires specialized knowledge and expertise. Engaging with local experts and real estate professionals can provide valuable insights, help you navigate the market, and make informed, purpose-driven investment decisions.
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.
Shop 1, 71 Macquarie Street,Sydney, NSW 2000
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.
- Majority of time is spent assisting institutional or private money based multifamily or industrial investors with both acquisition and disposition.
- “NAI Business Properties have been excellent to work with. Brian McDonald and the entire Billings staff have always been professional and more than helpful during every step of the selling and buying of commercial property.”
- Retail properties are those used by companies that sell goods or services to consumers from a physical location.
- A good commercial real estate loan rate is somewhere between 5% and 7%.
- This website is owned by a company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing.
She is passionate about delivering an exceptional experience for owners and tenants alike, all with an eye toward finding opportunities to maximize the value of assets in her care. Stephanie holds a BA in Business Administration from Linfield University. Jason Lamer is an award-winning commercial Realtor in Alberta since 2001, with a long list of satisfied clients. From 2009 to 2019, he had the privilege of serving as the Director of a publicly held international land development company with major projects in Alberta, Saskatchewan, BC, and Houston, Texas. Some of the company’s notable projects included large multi-family complexes, a stand-alone office complex facing Deerfoot Trail, two shopping centers in Texas, and 160 acres in SW Calgary.
Unique Investment Opportunity, 6 Bedroom Boutique Hotel in Bingin
All of the real estate types above have a dedicated, single-use, which is very common. But, there is an entirely different type of property that has a mixed-use, which means that it includes two or more property types. For example, a mixed use property could include a multifamily apartment building on top of a retail shipping center. These are very common in suburban areas that cater to individuals who want to live/work/shop all in the same place.
- For lending purposes, these are considered residential properties so they may qualify for residential lending programs.
- Similar to Fannie Mae loans, there are a great number of different Freddie Mac-insured loan options.
- He treats all his clients professionally with respect and reliability.
For example, a plot in the middle of a major city might be well-suited for an apartment building or retail space but wouldn’t work well for industrial use. A property in an industrial neighborhood might be a good location for a warehouse. Retail properties are those used by companies that sell goods or services to consumers from a physical location. Retail includes supermarket shopping centers, strip malls, community centers, big-box locations, regional malls, restaurants, athletic clubs, and family entertainment centers. Industrial real estate refers to buildings and properties that are used for manufacturing, larger shipping facilities, or logistics.