What are the different types of commercial property?

Commercial property is a general term. It refers to any property, be it a piece of land or the facilities located upon it, that is used solely for commercial purposes. Within this general category there are numerous different types of commercial property. Each is characterised by its intended commercial use.

One of the most common types of commercial property is the one that seems to straddle the line between commercial and residential â€" multi-family commercial real estate. Multi-family commercial real estate includes things such as apartment buildings and duplexes. Although people live in these buildings, it is considered commercial property because it is operated and managed as a source of income for the owner.

Another type of commercial property that quickly comes to mind is retail property. Retail property is a property occupied by tenants who sell consumer goods. Malls, single-building standalone stores, strip malls and shopping centres are all types of retail property.

Before you can purchase an item, it has to be built, made or manufactured. Manufacturing takes place in industrial properties, which is a subset of the commercial property category. Industrial properties are facilities such as warehouses and factories. It also includes workshops and distribution centres.

Office spaces and office buildings are also considered commercial property. An office can be anything from a single room to a fifty-story skyscraper. Office properties vary widely in size, type and number of available spaces. Often one person owns a building that houses offices for numerous individual tenants.

A group of buildings used for business and professional purposes all located in the same area is referred to as a business park. Business parks are typically planned and given a name, such as "Corporate Square." An IT park is a variation on the business park, and is made up of businesses whose work centers on information technology.

In addition to the commercial properties outlined above, there are still other types that do not fit neatly into any of those headings. For example, petrol stations, parking garages and storage facilities are also commercial property. Yet another category is hospitality properties, such as hotels, spas and other luxury resorts.

Where can I find different types of commercial property?

The easiest way to find commercial property is to use a website that specialises in commercial property listings. One such website is tgc.com.au. This website features available properties in all of the categories explored above. With a site like tgc.com.au, you can search for commercial properties according to criteria such as size, type and/or location. There is no need to spend time looking at properties that don't fit your needs or budget.

In addition to locating available commercial property, tgc.com.au enables you to conduct thorough research. Each listing is accompanied by a slideshow of full-color photos of the property. Listings also include extensive details, such as nearby attractions and landmarks, descriptions of neighboring businesses and parking accommodations. Location is everything in real estate, and tgc.com.au has taken great pains to paint a vivid picture of each property's surroundings.