What is commercial real estate?

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hydras is ramen your Alberta real estate cuter
today we'll talk about commercial real estate so
let's take a look at what's considered commercial
real estate so before we dive into that it's
important to note that in order to sell
commercial real estate you need a commercial real
estate license if you have residential license
you cannot sell commercial real estate so let's
dive into it so what is considered commercial
real estate now there are multiple different
types of buildings that would fall under this
category the first one is office so these would
be your office towers or the definition is
buildings intended for business use usually
inhabited during business hours like I said these
would be your office towers or corporate offices
the next category is retail the definition for
retail would be buildings used to promote
commerce with consumers for goods and/or services
the retail would consist of your storefronts the
type of buildings you would find in original
shopping centres or strip malls then we have
industrial the definition is buildings used for
processing raw materials and manufacturing goods
as well as their storage here we are looking at
buildings such as warehouses factories plants all
of these would fall under the category of
industrial real estate then we have a multifamily
definition for life would be buildings used for
dwelling that is comprised of more than four
premises so multifamily commercial would be
anything that is bigger than four Plex so four
Plex and under would fall under residential real
estate and you can sell that with residential
real estate license however any building that has
more than four units would be considered
multifamily and in this we can get small
buildings with six units or ten units all the way
up to hundreds of units all of that is considered
multifamily real estate and then we have
institutional the definition here would be a
building with the specialized use aimed at
serving the public or private clientele in this
category we have things like schools personal
care facilities government buildings
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• What is commercial real estate?

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all of these would fall under institutional real
estate let's do a quick recap in order to sell
commercial real estate you need a commercial real
estate license and the different types of
buildings that would fall under this category
include office retail industrial multifamily and
institutional now let's take a look at some of
the exam questions you may see related to this
topic the question is a building used for
processing raw materials and manufacturing goods
as well as their storage describes which of the
following types of buildings and the options are
a commercial be industrial c recreational or d
institutional and the correct answer here is B so
any building that is used for processing raw
materials or manufacturing Goods would fall under
the industrial category let's take a look at
another question a building with a specialized
use aimed at serving the public or private
clientele describes which of the following types
of buildings and the options are a multi-family
be industrial C office or D institutional and the
correct answer here is D institutional so any
specialized type of building would be called an
institutional buildings and like we just talked
about these would include your school's personal
care facilities hospitals etc .So that's it for
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• groverestate2009_at_gmail.com

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• groverestate2009_at_gmail.com