The term “commercial property lease” is probably familiar to a large percentage of people, but press them to list the various types of commercial property and they may find themselves tongue-tied.
We will cut through the confusion in this article by RDS Real Estate, leading the way in Fort Worth with over three million square feet of industrial space and commercial property for rent. Call us at 817-439-3224 for more information.
What is a commercial property lease?
Commercial real estate (or CRE) is a property that is used exclusively for business or workplace purposes or to generate cash flow in some way for the owner or lessee. Commercial real estate spaces include office space, industrial properties, multi-family residential rental buildings containing more than five units, and retail space for lease.
Commercial property is classified in this manner:
- Class A (new buildings with high-quality infrastructure and location)
- Class B (slightly older and less appealing buildings)
- Class C (Buildings at least twenty years old and in need of maintenance)
Different types of commercial property.
Let’s look, now, at the various types of commercial property available to own or lease:
- Office space
- Industrial space
- Multi-family complexes
- Retail spaces
- Hotels
- Mixed-use properties
- Land (farms)
- Special purpose properties (movie theaters, parking lots, amusement parks, etc.)
Perhaps we need to stop, for a moment, and clarify the industrial space type. In the real estate world, there is a difference between industrial space and commercial property lease, but oftentimes that difference is hazy at best. There are instances where a warehouse for rent, or a shop for rent, is used to generate an income, which would make it both a commercial property and an industrial property. Our best suggestion is to not get hung up on definitions. Your chosen real estate broker will be able to cut through the confusion and find what you need.
Cost will vary because of these factors.
And now let’s tackle the tricky question of pricing. The price of commercial property, either for purchasing or for leasing, will be affected by, and determined by, the following factors:
- Location
- Economic conditions
- Supply and demand
- Type of commercial property
- Zoning and regulations
- Size and layout
- Transportation
If this all seems a bit confusing and overwhelming, you now understand why the partnership with a qualified commercial real estate broker is so very important. A person looking to open a retail shop for the first time, with a limited operating budget, must make the correct decision regarding commercial property, or face going out of business in a matter of months. The choice is THAT important. Americans are known to be independent types, but in this case, seek help from a professional who is trained to help you walk through the confusion.
A final word about RDS Real Estate.
RDS Real Estate is a trusted name in Fort Worth, Tarrant County, as well as Parker and Johnson Counties. When it comes to industrial space for lease, and commercial property for rent, nobody does it better than locally owned and operated RDS Real Estate. Call us today and ask us about the Fort Worth Design District or 917 Industrial Park, both located perfectly for success in the Fort Worth future.