1. Residential Real Estate
Residential real estate includes properties designed for people to live in. This category encompasses a wide range of dwelling types, including:
- Single-Family Homes: Standalone houses intended for one family.
- Apartments: Units within a multi-family building, often rented by tenants.
- Condominiums: Individually owned units within a multi-unit building, with shared common areas.
- Townhouses: Multi-story homes that share one or two walls with adjacent properties.
- Duplexes: Two-unit properties, often with separate entrances for each unit.
- Cooperatives (Co-ops): Buildings owned by a corporation where residents purchase shares to live in a unit.
- Vacation Homes: Properties used for seasonal or recreational purposes.
2. Commercial Real Estate
Commercial real estate includes properties used for business purposes. These properties generate income through leasing or renting space to businesses. Types of commercial real estate include:
- Office Buildings: Properties used for professional workspaces, including skyscrapers, mid-rise, and low-rise buildings.
- Retail Spaces: Properties used for selling goods and services, such as shopping malls, strip malls, and standalone stores.
- Hotels and Resorts: Lodging facilities that provide accommodations to travelers.
- Restaurants: Properties used for dining establishments.
- Mixed-Use Developments: Properties that combine residential, commercial, and sometimes industrial spaces within one complex.
- Medical Buildings: Properties used for healthcare services, including hospitals, clinics, and specialized medical centers.
3. Industrial Real Estate
Industrial real estate includes properties used for manufacturing, production, distribution, and storage of goods. These properties are often located in industrial areas and include:
- Factories: Buildings used for manufacturing goods.
- Warehouses: Facilities used for storing products and materials.
- Distribution Centers: Facilities used for receiving, storing, and distributing goods to retailers or customers.
- Research and Development (R&D) Facilities: Properties used for developing new products and technologies.
- Flex Spaces: Properties that combine office, manufacturing, and storage spaces.
4. Land
Land refers to undeveloped or vacant land that is available for future development or use. Land can be categorized into several types, including:
- Residential Land: Land designated for housing developments.
- Commercial Land: Land designated for business development.
- Industrial Land: Land designated for manufacturing and production facilities.
- Agricultural Land: Land used for farming, ranching, and other agricultural purposes.
- Recreational Land: Land used for recreational activities such as parks, golf courses, and nature reserves.
- Raw Land: Undeveloped land with no existing infrastructure.
