Commercial real estate

Commercial real estate, as the name implies, as a commercial real estate-to distinguish them from the residential function-based residential real estate, to industrial production capabilities-based industrial real estate, etc. Commercial real estate broadly usually refers to a variety of retail, wholesale, food, entertainment, health, leisure and business purposes of real estate forms, from operating mode, function and purpose different from the ordinary housing, apartments, villas, real estate forms. To the main Office for the purposes of real estate, commercial real estate, areas, or a single column. Abroad with more vocabulary is the concept of the retail real estate. General term used for retail real estate forms, is narrow commercial real estate.

Overview

Commercial real estate of forms, including shopping malls, Super shopping centers, supermarkets, malls, theme shopping malls, professional market, office buildings. Industrial Park in General not zoned commercial real estate. In fact we see more real estate forms, is a mixture of residential real estate, commercial real estate, industrial real estate, tourism, real estate, estate of the compound. Boundaries are not necessarily so clearly broken down. For example, can be classified as commercial real estate, can also be classed as tourism real estate. Understand, don't stick to these concepts.

Introduction

Commercial real estate have large scale is small. Large commercial real estate as the shoppingmall project, you can reach hundreds of thousands, millions of square meters, small commercial real estate projects are only a few hundred square meters, or even smaller. For large-scale commercial real estate, its operation and the use of Developer integrated development, mainly for the purpose of collecting the rent as investment return in the form of a model; commercial real estate projects, you can package the listing, the formation of commercial real estate finance; for smaller commercial real estate, most items are still taking rent collection, but the domestic many commercial real estate of houses, apartments, office buildings and other projects of the underlying and various shopping street, the shops of the commodity market, operating mode, the fragmentation of this mode of operation and management of the late great problems, we need careful investment.

Commercial real estate mode

The first is that we gradually recognized is "not only rent sale", this class is usually after the completion of the property to form an independent property, usually merchants cooperation to rent as the main source of income, for what purpose? currently, through the formation of property rights, the property through commercial operation packing into the capital market, gets good financing, the financial markets generally have multiple financing, first are usually we speak of the Bank's mortgage financing; the second possible economic assessment will we now speak of foundations, credit vouchers etc. these financing, each subsequent result value packaging, financing constant shortened, the first model.

The second model is the "sell" this pattern is a commercial real estate most primitive mode, with the gradual of popular commercial real estate, simple sale start is no longer adapted to the commercial real estate development. Because of the commercial real estate have "high profit rate and total price, the risk is high, long payback period, etc., to make the" capable of the full amount of the purchase of commercial real estate investors really few and very little; even if they have the ability to purchase, rational investors wouldn't be such a large amount of the backlog in so long payback period. This allows developers in the development of commercial real estate is inevitably faces a dilemma. A difficulty is that the development of commercial real estate for sale as a whole, hard to find a buyer, development funds cannot return; the second difficulty is that their operating time, had to due excessively long payback period under tremendous pressure to quickly Fund reflows into other projects in development that affect the overall operation. Developers in order to solve their own problems and had to find ways to develop innovate business models. So most CBDs are used only to sell or rent or to rent not simultaneously way into cities.

The third type is called "rent", this is often the investors and developers to some of the rental property; on the other hand, there are two ways, one is the underlying sales, the most typical is the brief introduction of Dalian Wanda, first floor, second floor, 3rd floor, sell them to Walmart, in fact, the brief introduction of Dalian Wanda tasted many taste, then a layer of the sale price are usually the market of two to three times the highest sold 19 case square meters, Wal-Mart placements played an important role. This function I wrote it as a "drag", this "delay" of good practice when, in order to enhance the value of Wal-Mart, which is the main restaurant, or a long-term return played a decisive role. Why rent with? mostly due to financial pressure, through to sell the part after the cash portion of the rent for the latter part of the capital financing left posterior, this is a residential real estate development mode and commercial real estate development mode of comparison.

Commercial real estate categories

First class it is called the "Wal-Mart" model that is typical of the so-called guru "Wanker" model that is in a different city suburb, on a large scale copy of the product extremely flattened, target customers extremely accurate, largely around the city of white collar workers, and some of the young shopping, institutional or take a compulsory control, and there are plans to develop in the suburbs. And referred to the Wal-Mart, Wal-Mart is the world's largest chains, wanke as domestic representative enterprises, also is the mode, first class.

The second category we called Department Store mode, turning to department stores, currently in the country representative is China resources land, i.e. in the same geographical variety of products at the same time, products are diversified like a department store of high to medium range products, have everything, including shops, offices, residential, hotel, apartments are in the whole dish is reflected, this department store models more, usually in the past there was a construction system, every city there are urban construction system, urban construction system conversion from development companies, including many large development companies are taking this mode, the second class.

The third category is called the boutique model. This class models like wantong has struggled to implement this model, "" United States, it is mainly what I'm going to major in a small number of high-end market boutique business, just like we do, I sold Rolls Royce, may one day sell three, but my turnover and profit is the highest, so go high end line.