Investing in commercial real estate can be a good way to make money. You purchase a piece of property, build something that will provide income, and then lease it out to tenants or homeowners. If you are looking to invest in commercial real estate, you have to know which type of real estate makes the most money. Here are the four types of commercial real estate that you should keep an eye on.
Retail Real Estate – This type of commercial property usually refers to properties that will sell items in a store. Examples of this could be a retail shop, a department store, or a car dealership. These properties will always need a roof, which is why they are best suited for a large open area with plenty of foot traffic. The best thing about purchasing a commercial property like this is that there is typically room for at least one or more businesses.
Office Buildings – There are actually a lot of office buildings out there, which is why this is the best type of commercial property to invest in if you want to make money. Unlike other commercial properties, office buildings do not need much in the way of upkeep. The main thing to keep in mind is that there will likely be plenty of employees. Office buildings will also usually come with a very good reputation and have a very high vacancy rate.
Manufacturing Real Estate – Manufacturers make their products in huge factories. These large industrial buildings can house hundreds of employees. They are generally located in great metropolitan areas, though there are some manufacturing companies that have factories that are based out of smaller cities. Most large manufacturers will have several different floor levels and offices, so they can house a variety of employees. This is the type of commercial property that you will want to purchase if you want to make money from a large factory.
Retail Space – Some of the larger retail properties are located inside of shopping malls. These types of commercial properties will usually sell products that are very well known and are very popular. They will most likely be located in highly trafficked areas. One of the biggest problems with shopping malls is that the demand for them usually ends up pushing the prices of these types of properties up, making it hard for people to purchase them.
Which type of real estate makes the best deal for you? If you want to buy property for any of these purposes, then you should look into buying foreclosures. When you buy foreclosures, you can find all of the properties that you want, at very low prices. You can even find them at tax lien prices. This makes it easier for you to buy the property that you need, at a price that you can afford. You should check TeamRene’s Instagram to get more info on that.
