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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.
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    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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    Homejab.com
    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
    Paul Stahl Reality
    283 2nd Street Pike, Southampton, PA 18966
    Commercial Real Estate, Residential Real Estate, Property Management, Office Buildings For Sale, Real Estate Broker
    (215) 355-2200
    Dan Helwig, Inc. REALTORS
    1415 Bethlehem Pike, Flourtown, PA 19031
    Contact Dan Helwig, Inc. REALTORS at 215-233-5000 for commercial and residential real estate and property management services within the Montgomery county of Pennsylvania.
    (215) 233-5000
    Cresant Business Center LLC
    7300 N U S Hwy No 130, Pennsauken, NJ 08109
    (856) 662-0537
    Whitesell Corp
    2703 Cindel Dr, Riverton, NJ 08077
    (856) 829-0648
    Prg Real Estate Management Inc
    2701 E Luzerne St, Philadelphia, PA 19137
    (215) 744-1271
    Liss Property Group
    7165 Keystone St, Philadelphia, PA 19135
    (215) 333-2480
    Prudential Prime Real Estate
    7341 Frankford Ave, Philadelphia, PA 19136
    (215) 338-3200
    Whitesell Construction Company
    1 Underwood Ct, Riverside, NJ 08075
    (856) 764-2600
    Bucky County Business Center
    7420 Frankford Ave, Philadelphia, PA 19136
    (267) 388-5700
    Hk 99 Realty
    6812 Castor Ave, Philadelphia, PA 19149
    (215) 725-7800
    Pocono Business Center Co
    4200 Torresdale Ave, Philadelphia, PA 19124
    (215) 533-1127
    Rock Creek Property
    419 S 2nd St Ste 301, Philadelphia, PA 19147
    (215) 413-3300
    Plumer & Associates Inc Realtors
    226 South St, Philadelphia, PA 19147
    (215) 922-4200
    Cobris Properties
    15 S 11th St, Philadelphia, PA 19107
    (215) 627-1245


    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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