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Commercial and Industrial Real Estate Terms to Know

Whether you are listing a property or looking to purchase office space, a real estate agent that specializes in commercial and industrial transactions can help. For buyers, a professional agent or broker will be familiar with property listings in the area, average rent or lease rates, and finding the best building for your needs. For sellers, an agent can create a listing, appraise value, and show the property to prospective tenants. Here are some real estate terms that may be necessary to know before any transaction.

  • Industrial Property – A commercial property used for production, manufacturing or distribution.
  • Building Classifications – Office space and industrial-use properties are classified A, B, C or D based on their quality, age, condition, location and market appeal. A grade of ‘A’ being the highest.
  • Escrow Agreement – A written agreement between a real estate buyer and seller than specifies the obligations of both parties, and any funds to be deposited in escrow to cover the related costs of the sale.
  • Security Deposit – In a rental arrangement, a payment made to a landlord or property owner to secure the lease. This deposit should be refundable when the lease has ended.
  • Comparables – The purchase or rental costs of similar commercial or industrial space in an area. Buyers use comparables to rate the value of the property they wish to lease or buy.
  • Flex Space – A building that allows occupants options in dividing up space as needed, such as between office and showroom, or showroom and warehouse.
  • Percentage Lease – An arrangement between a property owner and renter, in which the owner is paid a percentage of the tenant’s gross sales as part of the rent.
    National Association of Realtors
    Washington, DC 20001
    The agents and brokers in our association are dedicated to providing the best services in commercial and industrial real estate. Find a firm or broker near you within our association.
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    Business Resource Center
    5242 S College Dr Ste 330, Salt Lake City, UT 84123
    We focus on commercial and industrial real estate, providing licensed services and expertise when it comes to office space and property leases and rentals. Your top choice for real estate.
    (801) 264-8911
    Utah Business Consultants
    6465 S 3000 E Ste 108, Salt Lake City, UT 84121
    Utah's premier business brokering and consulting company. We help business owners capture the value they deserve .
    (801) 424-6300
    Davinci Executive Office Suites
    2825 E Cottonwood Pkwy, Salt Lake City, UT 84121
    We are a recognized and trusted online real estate records information provider that grants you access to a network of multiple data sources to help you find Public Property Records.
    (801) 990-3100
    Davinci Office Suites Sugarhouse
    2150 S 1300 E, Salt Lake City, UT 84106
    We are a recognized and trusted online real estate records information provider that grants you access to a network of multiple data sources to help you find Public Property Records.
    (801) 990-4600
    All Star Garage Doors
    76 W Main Street Suite 2, Fork, UT 84601
    At All Star Garage Doors we offer the best and service the rest. Did you know your garage door needs annual service? Let us help you save your garage door with our unprecedented 25 point service.
    (435) 649-5253
    Madison Group
    520 N Main St # C201, Heber City, UT 84032
    The Madison Group specializes in commercial real estate financing and can help provide you with the commercial loans needed including bridge loans, apartment loans and more.
    (435) 785-8350
    6465 South 3000 East, Salt Lake City, Ut, UT 84121
    Cresa is an international corporate real estate advisory firm that exclusively represents tenants. We focus on real estate strategies that help you attract top talent, and reinforce your brand.
    (801) 300-4500
    The Mascaro Group
    1108 W. South Jordan Pkwy Ste. C, South Jordan, UT 84095
    At The Mascaro Group, we pride ourselves in helping every family find a house that perfectly fits their needs, turning every house into a home. Servicing the greater Salt Lake area since 2011, we want
    (801) 477-7253
    SNMC - Munford Team Home builders
    1099 South Jordan Pkwy W, South Jordan, UT 84095
    Candlelight is always at the forefront of the Utah New Home Construction industry in design and innovation, including their “Smart” Security System that controls your home from your phone.
    (1) Review Write a review
    (801) 792-0583
    User Review: "The owner jamie l. Johnson is very honest and respectful and will be doing all my future work. Thank you snmc - munford..."
    Era Gin And Rich Bontadelli
    259 West 200 North, Cedar City, UT 84720
    Rich and Gin Bontadelli comprise the Bontadelli ERA Real Estate Team. We can assist with any real estate transaction in Cedar City and surrounding areas. From the first time buyer to the retiree.
    (435) 559-3723
    Heidi Gatch Real Estate, Inc.
    2200 Park Avenue, Suite B, Park City, UT 84060
    Heidi Gatch Real Estate, Inc. provides efficient residential real estate and commercial real estate services for both buyers and sellers in Park City, Utah.Heidi Gatch Real Estate, Inc. provides effic
    (435) 659-3582
    Property Management Inc. Franchise
    2940 Maple Loop Dr. Suite 104, Lehi, UT 84043
    Property Management Inc. Franchise Group is one of the fastest growing property management franchises in the country. With the Property Management Inc. franchise model, owners have the unique ability
    (801) 407-1301
    Property Management Inc. Northern Utah
    4943 W 5000 S, Hooper, UT 84315
    Davis County property management professionals providing residential and commercial property management services. At PMI Northern Utah, we make property management, manageable!
    (801) 821-0095
    Salty Peaks Property Management Inc.
    1615 E 1050 N, Heber, UT 84032
    Utah County property management professionals providing residential and commercial property management services. At Salty Peaks Property Management Inc., we make property management, manageable!
    (801) 899-9436
    Fairway Park Bu
    702 E 1910 S, Provo, UT 84606
    (801) 375-2088

    Commercial real estate is for sale in various parts of the United States. There are numerous licensed agents that specialize specifically in this type of property. Just so you know, commercial real estate is essentially office buildings, small shop spaces, and other business listings. While some people invest in this type of property, other people lease it in order to start a business or company of their own. For instance, someone may purchase a small commercial space in order to open up a retail clothing shop. As you may know, different commercial real estate brokers handle or manage the sales different properties. Typically a buyer must take out a mortgage loan in order to buy a commercial office building or piece of land. Some commercial spaces have park views or lake scenery that makes them more valuable. Depending on the market and the location of a property, the cost may vary greatly. Typically a professional will have to appraise the commercial real estate in order to determine how much it is worth. This will also determine how much a bank will lend the buyer for the property. Many people hire commercial real estate agents on a short term basis in order to help them find the right room or office space development. You can learn more about commercial real estate agents, and the conditions that apply to purchasing commercial properties by contacting experts in your town or city. This way you can make any inquiries you feel are necessary over the phone.
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