Monday, April 6, 2015
1. Land / Development Sites - this category consists of undeveloped or vacant land classified as "commercial." It also pertains to defunct, pre-existing developments pegged for re-development or set to be replaced by a new commercial project.2. Office buildings - office buildings come in many varieties, from one-story edifices to mid- and high-rise structures. The property can be single-tenant, or it can be open to multiple tenants, as in the case of office towers. Offices may further be classified by location -- some offices, for instance, are classified under the "Central Business District" type based on their address in a prominent city center; others yet are called "Suburban Office Buildings" given their location in a suburban neighborhood.3. Retail - retail developments encompass shopping centers, malls, grocery stores, pharmacies, and other versions of shops, stores, and establishments that provide a certain product or service.4. Industrial - industrial properties refer to structures or developments used for manufacturing, light assembly, or storage and distribution, as in the case of flex and bulk warehouses.5. Hotels - Hotels, motels, guesthouses, lodging houses, hostels, inns, and other establishments that provide accommodations fall under this category. There are several classifications of hotels, such as full-service hotels, limited service hotels, and extended stay hotels.6. Multifamily - Apartment complexes comprise this category. The apartments may be garden apartments, mid-rise, or high-rise apartments.