Commercial property refers to buildings or land that have the potential to generate a profit from rental income or capital gain. The commercial real estate industry is specific in defining sectors that make up this category of buildings. Here are the different types of Denver commercial real estate.
Office buildings can be single-tenanted or multi-tenanted, and many are build-to-suit. They are typically categorized into urban and suburban properties. Urban office buildings are found in major cities and include high rise properties and skyscrapers. Suburban office buildings include midrise structures located outside of a city center. Office buildings can also be classified into:
- Class A buildings are considered to be the most prestigious and have state-of-the-art systems, high-quality finishes, definite market presence, and excellent accessibility
- Class B buildings are deemed to have fair finishes, adequate systems, but with a less desirable location
- Class C buildings compete for tenants looking for purposeful space at rents below the average
Retail includes the properties that house restaurants and retailers. They can be multi-tenanted or single-use, standalone buildings. The retail sector is complex because the type of shopping centers – such as community retail centers, regional malls, power centers, out parcels, or strip centers – is determined by metrics like the size, trade area, concept, and types and number of tenants.
These buildings house industrial operations for a variety of tenants and are usually located along major transportation routes outside of urban areas. Industrial buildings can be grouped into industrial parks and are classified into four types:
- Heavy manufacturing: heavily customized buildings with machinery required by manufacturers to operate and produce goods and services
- Bulk warehouse: these buildings are usually large and serve as distribution centers
- Flex industrial: industrial buildings that can be easily converted and typically comprises a blend of both industrial and office space
- Light assembly: these commercial properties are not customized and can be easily reconfigured. Typical uses include product assembly, storage, and office space
This sector covers all forms of residential real estate outside of single family, including condos, apartment, townhomes, high-rise apartment buildings, and co-ops. Just like office buildings, multifamily properties are categorized into class A, class B, and class C.
This category includes investment properties on raw, undeveloped land, infill land that has been developed but now is vacant, and brownfield land that has previously been used for industrial purposes and is available for re-use.
If you’re in the market for commercial properties in Denver, look no further than Unique Properties. We specialize in special leasing, acquisitions, dispositions, and property management of medical, land, retail, industrial, office, and multifamily properties. Contact us to learn more about our services.