Buying commercial real estate in State is not like purchasing a new family home. The costs are more, the funding is harder to get, and to top it off if you need tenants, you will have to cover the expenses of marketing, identifying, and securing new leases. Purchasing commercial property for a new investment endeavor or a new business is rewarding and can be quite profitable if the process is undertaken strategically and in compliance with state, city, and local laws.

At Law Firm Name, our commercial real estate attorney in City or County handles commercial property transactions from start to finish. We will discuss what your goals are, help you find the right property, negotiate contracts, and more. Contact us at Phone Number to schedule a Consultation Type and to learn more about our commercial real estate services.

Types of Commercial Real Estate in North and South Carolina.

Commercial real estate (CRE) is property used for purposes related to business rather than residential. A CRE can be a mom-and-pop store or a huge shopping mall and includes restaurants, hotels, office spaces, hospitals, and doctors' offices. CRE is generally broken down into five distinct categories: industrial use, multi-family rentals, office space, hospitality, and retail. 

1. Industrial Use. Industrial use properties consist of businesses that make and store goods, like manufacturing facilities and storage warehouses.
2. Multi-Family Rentals. A multi-family rental is generally a large property with multiple smaller units that families rent to live in as their primary residence. They can be small, housing only a couple of families, or large, housing hundreds of families. 
3. Office Space. Office space is another type of CRE often considered to be the most high-risk. These properties are generally broken down into three different classes based on their condition and location: Class A for the highest quality buildings, Class B for older but still high-quality buildings, and Class C for older buildings in deep need of maintenance and care.
4. Hospitality. Hospitality properties are meant for travelers and include hotels, entertainment sites, or restaurants.
5. Retail. Retail properties include small stores, strip malls, and restaurants.