Understanding the 8 Types of Commercial Real Estate

Reonomy’s definition of commercial real estate is anything larger than a single-family home.

So, anything from a duplex, all the way up to the largest buildings in the country.

While official classifications can vary from county to county, generally, commercial real estate can be broken down into eight major categories.

Below, we’ll run through the eight different types of commercial real estate, looking at each of the following:

We’ll explore different building types, property and land use types, and skim through some examples of each asset class along the way.

Click here if you’re looking to read up on the different property class levels in CRE.

1. Multifamily

Multifamily properties are the go-between for residential and commercial real estate.

While they can serve primarily as a residency, the general purpose for the property type is for investment (owner-occupied or not).

The multifamily asset class includes everything from a duplex up

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What Is A Condo? | Beginner’s Guide to Housing Types

For some house hunters, the thought of maintaining a house and a yard conjures up anxiety. Luckily, there are different kinds of properties to choose from that don’t entail a lot of upkeep — and come at a reasonable price to boot. One of those options is a condominium.

Not sure if buying a condo is your jam? Here’s a primer on condo living to help you decide.

What is a condominium?

A condominium, called “condo” for short, is a privately owned individual unit within a building of other units. Condo owners jointly own shared common areas, such as pools, garages, elevators, outside hallways and gyms, to name a few. While condos are typically found in high-rise buildings, you can find detached condos in some markets.

“A homeowners association typically manages the common areas and oversees the covenants, conditions, and restrictions (CC&Rs) that apply to the property,” explains Holly Leonard,

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