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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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    Brentwood Management Corporation
    600 Copeland School Rd, West Chester, PA 19380
    Allow BRENTWOOD MANAGEMENT CORPORATION to offer effective shopping center redevelopment. Make your commercial real estate in West Chester, PA, profitable again.
    (484) 787-2223
    Mitros Insurance
    1770 E Lancaster Ave Ste 8, Paoli, PA 19301
    Mitros Insurance is located in Paoli, PA 19301. We can provide solutions for both personal and commercial insurance needs. Our goal is to build a long lasting relationship, with our customers knowing that we have their best interest in mind.
    (610) 296-2600
    984 North Second Street, Philadelphia, PA 19123
    "Based in Philadelphia, HomeJab.com is the internet's premiere video databasRealhttp://www.homejab.com/ estatee for homeowners, potential home buyers and real estate professionals.
    (213) 231-2341
    Century 21
    701 Capitol Trl, Newark, DE 19711
    (302) 737-9000
    Scr Business Park
    35 Salem Church Rd, Newark, DE 19713
    (302) 266-6175
    Smith Realty Company
    35 Salem Church Rd Ste 12, Newark, DE 19713
    (302) 369-2000
    Beiler Campbell Realtors
    320 Limestone Rd, Oxford, PA 19363
    (610) 932-7465
    Delaware Investment Services
    713 Greenbank Rd, Wilmington, DE 19808
    (302) 351-8393
    Harvey Hanna and Associates-De
    2060 Limestone Rd Ste A, Wilmington, DE 19808
    (302) 384-8137
    Coldwell Banker Realty
    875 Aaa Blvd Ste A, Newark, DE 19713
    (302) 224-7700
    Ward & Taylor LLC
    2710 Centerville Rd Ste 200, Wilmington, DE 19808
    (302) 225-3350
    Schult Business Center LLC
    90 Jamesway, Elkton, MD 21921
    (410) 392-2744
    Dupont Viton Business Center
    505 Blue Ball Rd, Elkton, MD 21921
    (410) 392-2500
    Beiler Campbell Realtors
    402 Bayard Rd Ste 100, Kennett Square, PA 19348
    (610) 444-7600
    Triumph Industrial Park
    505 Blue Ball Rd Bldg 10, Elkton, MD 21921
    (410) 398-2383

    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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