Commercial property refers to any space that draws revenue through business activities. The spaces are mostly available via rent, sale, or lease. Commercial properties include warehouses, factories, manufacturing plants, office spaces, hotels, retail stores, and apartments. Companies invest in commercial spaces to run their business operations for various purposes. Unlike residential spaces, commercial properties cater to businesses to execute specific business activities. For this reason, commercial properties are typically located in business areas or near areas with multiple transportation options and easy accessibility.
Several factors determine a commercial property’s value, including location, years of operation, size, property condition, local labour force, ease of connectivity, and potential returns on investment.
Ganesh Complex, located in the Kolkata-Howrah area of West Bengal, offers industrial land to mid-sized to large businesses. The land provider guides its clients on the uses of industrial land based on specific business requirements. Contact us to book your plot and flourish in your business journey with smooth company operations. We provide necessary consultation, too.
In today’s competitive business market, it’s highly advantageous to invest in commercial properties. The blog discusses multiple types of commercial properties that offer high returns on investment for businesses.
What Are Different Types of Commercial Properties?
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Warehouses and Manufacturing Units
Industrial properties, such as warehouses and manufacturing units, are core to the country’s economy. The spaces are also used for distribution and logistics services. The large, open spaces store products and goods. Businesses in wholesale, retail, and e-commerce distribution often invest in industrial properties as their primary storage hub. Companies purchase a warehouse or rent space to manage their inventory and supply chain operations. At Ganesh Complex, businesses can buy various types of warehouses based on their specific business demands and requirements.
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Commercial Offices
Offices are one of the most common business assets. When one starts a business, the first step is to rent or buy office space, even if the basic operational concerns are minimal. From start-ups to corporate headquarters, every business demands an office space. Offices are flexible workspaces. When established companies work on their long-term business objectives, it’s best to buy office space. When a business takes office space on rent, the company can grow to its potential.
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Corporate Offices
Among different types of commercial spaces, a corporate or commercial office building is a large commercial space that houses a company or a firm. Commercial properties or major business hubs house the offices that run high-end business operations. The space may cover offices and conference rooms. In some cases, the commercial space may also include retail areas. When you look for a permanent business space, you can buy a commercial property. The spaces allow multiple business activities with their spaciousness and modern amenities.
When one rents a corporate office, it allows their business flexibility while providing a respectable company address. Businesses on the path to growth and development, and companies seeking a favourable location, are free from the commitment and responsibilities of owning the space.
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Retail Stores
Retail stores and showrooms are one of the rising uses of industrial land. The commercial spaces cater to the customers. Electronics, vehicles, furniture, and luxury brands opt for the retail showrooms. When a company has a showroom on rent, it gains higher visibility, and customers can view the products firsthand. A retail store demands a ground-floor location in a high-traffic area. Customers walk into the spaces for the business exposure. These spaces are ideal for retail stores. Businesses with fleeting needs may take a showroom to cut down the cost.
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Commercial Coworking Spaces
One comparatively new yet fast-expanding commercial property type is coworking spaces. These spaces share offices where businesses from different niches. Companies and people from various sectors can connect, collaborate, and share. From start-ups to small companies to freelancers, there are ample potential opportunities. Companies that rent coworking spaces get access to the internet, conference rooms, and office equipment, without paying overhead for owning office space. The spaces for different companies may vary depending on size and quality. The commercial spaces encourage teamwork and networking with others. Variable terms on coworking environments make it simple to scale up or down based on the company’s demand.
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Hotel
Hotels are establishments that offer accommodations, food, and other essential services to tourists. Hotels may be autonomous or part of a major hotel chain. Hotel spaces are among the most in-demand commercial areas, offering a range of services, including restaurants, kitchens, room service, and casino spaces, among others.
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Office Spaces
Office spaces come under two categories – urban and suburban. Urban office spaces may be up to a few million square feet in size. Office spaces are typically located in cities and often feature skyscrapers and high-rises. On the other hand, suburban offices are smaller in size. Sometimes, these spaces are seen as groups in office parks. Office buildings can be single or multi-tenanted. The office spaces are ranked in multiple tiers, including Class A, Class B, and Class C.
Bottom Line
The commercial real estate market offers a broad spectrum of facilities available for various business requirements and financial goals. Businesses enter the market and achieve economic gains through the right implementation of strategies, regardless of their business interest. Each type of commercial property comes with its own set of advantages and disadvantages. You must review the options carefully. When one understands the various types of commercial properties, such as corporate offices, coworking spaces, and showrooms, they can make the right decision. With Ganesh Complex, explore different types of warehouses and take your business to new heights.
