Whenever we hear about the term commercial and industrial property, we consider that both of these properties fall into the same category. But in actuality, these are quite different from each other. These both properties come under two completely different categories.
In general, the retail and industrial are known as commercial real estate, whereas commercial real estate includes lands and buildings which are specifically designed to generate profit. In short, the retail and industrial are the subcategories of commercial real estate.
It means the industrial property is a part of commercial property. We have summarised the major three categories of commercial properties, these are:
- Industrial: These are the places where goods and different types of things are manufactured or services provided, but these are mostly built where the general public are not walking past.
- Retail: Retail properties include all those shops or buildings where passing trade or the general public are invited. It is used solely for business purposes.
- Office: Offices are also included in the sub-category of commercial property, which is commonly found with retail or alone, and often above the retail areas on the ground floor.
Ok, let’s discuss and clear the misconceptions about the industrial property. It is usually a factory or a plant, which is used for manufacturing goods, and many other things. These plants and factories vary from small business to large scale businesses. The small scale business industry is referred to as a light industry; the medium scale business industries are known as a medium industry, and the large-scale business industry is called the heavy industry.
There are different types of industrial properties, but we have mentioned the two major types, which are as follows:
- B1 industrial: This type is considered as light industrial property, which is meant for business in which light manufacturing activities are done. These are mostly located within or very close to residential properties.
- B2 industrial: This is opposite to the B1 industrial. It is known as the heavy industrial property in which heavy manufacturing activities are needed to be done. Because of their heavy-duty work and excess of noise and dust produced due to heavy machinery, these industrial properties are built further away from residential areas.
By reading this, you will get to know the major difference between commercial and industrial property. And this read will let you know that there are a lot of benefits of commercial properties over residential ones. and best Property Agents for buying commercial and industrial property.