Commercial properties

13/05/2024

Uses, advantages and specializations for real estate agents

Commercial properties constitute a significant component of the real estate sector, offering a wide range of opportunities and uses. These properties are designed and used for commercial rather than residential purposes and can be classified into different categories based on their functions and peculiarities.

Below we will analyze their specific characteristics and their most widespread uses, we will reflect on the pros and cons of their possible purchase or rental and how real estate agents can specialize in this constantly evolving sector.

Commercial properties: uses and categories

Commercial real estate includes a wide range of properties, including:

Shops and commercial premises: These include spaces intended for retail trade, such as clothing stores, restaurants, supermarkets and more.
Offices: Office properties are designed to house operational and professional management headquarters, offering spaces to work, meet clients and carry out the daily operations of businesses.
Shopping centers and retail facilities: These include shopping complexes housing a variety of retail shops, restaurants, cinemas and other leisure activities.
Warehouses and industrial warehouses: these properties are used for the production, storage and distribution of goods and materials, offering spaces suitable for industrial and commercial activities.
Hotels and accommodations: include hotels, motels, bed and breakfasts and other types of accommodations used to host travelers and tourists.
Health and Wellness Properties: Includes hospitals, medical clinics, rehabilitation centers, spas and other health and wellness-related facilities.
Properties for special use: these are stadiums, theatres, museums, amusement parks, theme parks and other structures for public or recreational use.
Properties intended for telephone exchange and with equipment for the production of electricity

Purchase vs. Location: Which is more convenient?

The decision between buying and renting a commercial property depends on various factors, including the specific needs of the business, financial availability and long-term investment prospects. Here are some points to consider:

Flexibility: Leasing offers more flexibility if the business needs to move to another location or if space needs change over time.
Initial costs: Purchasing a property involves significant initial costs, including the down payment and closing costs, whereas renting usually requires a security deposit, a bank or insurance guarantee and the payment of rent.
Long-Term Investment: Purchasing a property can be considered a long-term investment, potentially offering tax benefits and opportunities for value appreciation over time.
Risks and responsibilities: Owners of commercial properties are responsible for maintenance and repairs, while tenants may transfer some of this responsibility to the owner through contractual provisions.

The choice between buying and renting depends on the specific circumstances of the business and the individual preferences of the entrepreneur or investor.

Specialization of Real Estate Agents in the Commercial Sector

Real estate agents can specialize in the commercial sector by acquiring knowledge and developing specific skills. Here are some ways agents can stand out in the commercial real estate market:

Specialized training: Agents can attend courses and obtain certifications specific to commercial real estate brokerage, deepening their understanding of industry laws and practices.
Network: Building a strong network of business owners, investors and industry professionals can help agents identify opportunities and find buyers or tenants for commercial properties.
Target market analysis: Real estate agents must be able to conduct market analyzes to evaluate the value of commercial properties, the expected timescales for closing deals, as well as to identify trends and investment opportunities.
Negotiation: Negotiation skills are crucial in commercial real estate, where complex agreements and detailed bargaining may be involved.
Specialized customer service: Offering personalized customer service geared to businesses' specific needs can help build a positive reputation and ensure success in the business sector.

Expertise Re is a real estate agency specialized in the sale and rental of commercial premises, and has successfully concluded a significant number of real estate transactions, often very complex. On the page dedicated to our "track record" it is possible to view some of these operations: such as the sale of commercial premises and industrial warehouses in Catania, hotels in Syracuse and Agrigento, office buildings in Trapani and Messina, entire buildings in Palermo.7

Expertise Re is therefore a reference real estate operator in the field of sales and rentals of commercial properties in Sicily and Calabria. Having acquired solid skills, he is able to guide you during the search and choice of the commercial property best suited to your needs, providing you with advice regarding the evaluation of the purchase or rental.

Thanks to his specialization in the commercial sector, he has developed a consolidated network of contacts, which includes owners, investors, developers, financial institutions and other professionals in the sector. This allows Expertise Re to quickly identify investment opportunities and potential buyers or tenants for commercial properties, accessing off-market deals and insider information that is not available to the public, often providing a competitive advantage to its clients.

The Expertise Re team is at your disposal should you need advice on purchasing or renting a commercial property

You can send us your request by clicking here