Commercial real estates are properties that are used purposely to generate cash inflow. To be successful at building an investment in commercial real estate it is important to know the various types that exist. There are about six types of commercial real estate. They include,

• Offices

Generally, offices can be put into two categories suburban and urban. Suburban offices are office buildings that are usually small in stature and are sometimes grouped into office parks. While urban offices are found in cities and typically include high rise properties, skyscrapers and so on. Some maybe as big as millions in size. They also comprise of educational and medical office buildings.

• Retail

Retail commercial real estate comprises of properties that offer services to customers for cash. The retail real estate includes of drug stores, shopping centers, power center, regional shopping malls, restaurants and many others.

• Industrial

Industrial commercial real estates are buildings that are used for industrial operations for various tenants. They are usually built in urban areas. Industrial low-rise buildings can be grouped into industrial parks. Industrial commercial real estates can be categorized into four main types namely;

Heavy manufacturing: these are commercial buildings built to house heavily customized machines for manufacturing of products and services.

Light assembly: Usually these types of commercial real estates are not customized. They are basically used for assembly and package products.

Bulk warehouse: these types of commercial real estates serve as storage and distribution centers of produced products.

Flex industrial: these real properties usually contain a mix of office and industrial space

• Multi family

This type of commercial real estate encompasses various types of residential real estate aside from single family homes. They include condos, townhouses, co-ops, apartments and so on. Basically, apartment rentals have been split into property types namely

High rise: this consists of buildings with about nine or mor floors and have at least one elevator.

Midrise: this refers to a building with an elevator typically found in an urban area.

Garden style: this constitutes a one, two or even three-story building apartment bult in a sort of garden setting in an urban, suburban or rural location. The building may or may not have elevators.

Walk up: a four to like say six story building without an elevator.

• Manufactured housing community: this represents a community whereby the operator leases ground floors to owners of manufactured homes.
• Special purpose housing: these are multifamily real properties of any kind of style built for a particular target population including senior housing, student housing, special need housing and many others.
• Hotel

The hotel industry includes establishments providing meals, accommodations, and other services for tourists and travelers. The hotel could be flagged thus a major hotel or maybe independent. There six categories of hotel commercial real estate namely

Full service: this includes on site restaurants and room service.

Boutique: it is usually located in resort or urban locations and has full-service facilities. It usually has fewer rooms and is not be part of the national chain.

Special purpose

This type of commercial real estate may be owned by property investors but do not fall into any of the above-mentioned sectors. They include churches, amusement parks, bowling alleys and many others.

All these and many other commercial real estates are available for Pickering real estate investors to make a choice. The interesting thing is most of them are just a click away. Just by googling Pickering real estate you are sure to find various real estates including the residential types to invest in.