Tons of challenges are expected to come your way once you start your own business. One of the major things you need to consider is what kind of commercial real estate property you should get for your venture. A commercial real estate property is a space used by organizations to generate profit. Your choice here will depend on your goals and business requirements. Assess your needs, and rent the best commercial property in a prime location.
Are you aiming for a unique look for your new business property? Whether you are planning to buy or lease, I’m sure you are in the lookout for a space that will definitely stand out. To help you decide, here are some basic information you need to know about the different types of commercial real estate.
1. Retail
Retail commercial estate properties include many types of spaces, from malls to neighborhood retail centers. Retail centers and malls provide many cross-sell opportunities by offering stores for different non-competing businesses.
2. Office
Properties under this category are rented by different companies and organizations to be used as office spaces. You can either rent an office space in an urban commercial building or towering skyscraper, or a small workspace in a suburban area that is quite far from major cities. Office spaces fall into three categories–Class A, B and C.
- Class A Office. This is a high-quality space in a new location. Usually, this type of commercial real estate has a modern design, top amenities and excellent finishes. If you are operating on a huge budget and want the most elegant work environment for your new business, get a class A office. This has the biggest lease rates in the entire market!
- Class B Office. Class B offices may have fewer amenities, yet they still offer decent, standard finishes that will surely meet an entrepreneur’s expectations. It is highly leasable, and in good condition. For those who are in the market for a good commercial space that has a much lower rate compared to a class A office, this is the perfect choice for you.
- Class C Office. Class C offices are typically found in less desirable areas. They look dated, have poor layouts and oftentimes, not retrofitted for elevator services. Quite undesirable for most entrepreneurs but it’s no secret that some people still choose this because they don’t have enough budget.
3. Industrial
Basically, Industrial properties are used for industrial purposes. These types of commercial spaces come in all shapes and sizes, and are perfect for warehousing, manufacturing and distribution business. They are also used by mechanics and research laboratories. Do you want to give your new office space a high-tech, modern look? Even if you are not under the aforementioned industries, you can still go for an industrial space for a unique working environment.
4. Leisure and Accommodation
Hotels offer leisure and business travelers with much-needed accommodation. This type of commercial property ranges from huge chain-owned hotels to low-end motels that barely have extra amenities or even restaurants. For those businesses operating in the entertainment industry, huge resort and casino complexes are something to look at. They have a full spectrum of options at several price points to offer guests added value. There are even bars, beauty salons, fancy restaurants and health spas.
5. Special-Purpose Establishments
Special purpose buildings cover non-residential properties that don’t belong in the above categories. They are diverse in terms of function, purpose and categories. This type of commercial property investment includes theme parks, theatres, community centers, churches and sports centers. If you are setting up a healthcare facility, going for a special-purpose establishment is also the way to go.
Is it your first time to lease a commercial property in Las Vegas, Nevada?
Investing on a commercial property is not easy, so it’s always best to seek advice from an expert before acquiring a new space. Each real estate investment comes with its own set of unique considerations. This is most especially true if you are in the healthcare field, and is searching for the best special-purpose space for your business.
Your search for a new and comfortable healthcare space here. Suite 201 at 2800 N Tenaya Way, Las Vegas is a turn-key medical suite with multiple offices, private restrooms, 5 plumbled exam rooms and one procedure room. It is a high-profile special-purpose area with a signage, and is located in the heart of the northwest medical district.
This a Keller Williams Las Vegas Commercial listing courtesy of Martin Toumaian. If you are interested in leasing this property, you can reach out to Lovely LaGuerre today at 702-340-7384 or email Lovely@Lovelysellsvegas.com to make an appointment.