Sydney Commercial Property
Sydney Commercial property generally relates to commercial real estate located in e Sydney CBD but is also applicable to all areas of commercial within Sydney NSW.
This can include high rise office buildings, industrial properties (although that is generally referred to as 'industrial real estate' The term can also include medical centres,
restaurants, cafes, hotels, shopping malls and retail shopping centers)
In urban locations, a high rise commercial building often multiple uses, such as an offices located above commercial on the ground floor.
Sydney authorities and Town planners commonly maintain strict regulations on commercial zoning, with just about all businesses must be located in a designated commercial area or building zoned at least specifically for commerce.
The term 'sydney commercial' or 'sydney commercial real estate' is generally defines by the zoning given to particular areas in Sydney. The zoning covers the use of 'commercial activity' as opposed to 'residential living' and allows for a higher density of development. The main term allows buildings that are primarily designed to generate a profit where the general public can come and trade.
In some areas of Sydney, the zoning allows for both commercial and residential to co-exist, usually in the form of high rise apartments.
Commercial real estate can be identified as 6 different categories.
- 1) Retail
- 2) Office
- 3) Industrial / Warehouse
- 4) High Rise apartments
- 5) Leisure / Hotel
- 6) Medical centres
There are 3 terms that define Real Estate in Australia. They are;
- Residential real estate: This is used for residential dwellings.
- Commercial real estate: This is used for areas carrying on business.
- Industrial real estate: This is used to zone land for industry.