Commercial Property Types
Commercial property types tracked by RealStarGlobal — office, industrial, retail, multifamily, flex, medical, hospitality and land. Inventory, availability, asking rents, vacancy and cap rates for each across 21 markets.
Tracked inventory by property type
Rentable building area across all markets
Show the ranking as data
| Property Type | Tracked inventory by property type |
|---|---|
| Office Spaces | 170.46M SF |
| Industrial Properties | 120.33M SF |
| Multifamily Properties | 51.99M SF |
| Retail Spaces | 11.03M SF |
| Flex Spaces | 6.01M SF |
| Medical Office Spaces | 4.77M SF |
| Hospitality Properties | 3.4M SF |
| Land | 0 SF |
Average asking rent by property type
Blended across markets, $/SF/yr
Show the ranking as data
| Property Type | Average asking rent by property type |
|---|---|
| Retail Spaces | $37.01 |
| Medical Office Spaces | $29.93 |
| Office Spaces | $28.93 |
| Multifamily Properties | $24.60 |
| Flex Spaces | $15.28 |
| Industrial Properties | $9.56 |
Every type at a glance
| Property type | Properties | Inventory SF | Available SF | Avg rent | Vacancy | Cap rate | For sale |
|---|---|---|---|---|---|---|---|
| Office Spaces | 485 | 170,457,200 | 35,856,600 | $28.93 | 18.6% | 6.77% | 57 |
| Industrial Properties | 192 | 120,328,200 | 21,410,700 | $9.56 | 21.9% | 6.92% | 19 |
| Retail Spaces | 110 | 11,032,100 | 2,060,400 | $37.01 | 15.0% | 6.84% | 14 |
| Multifamily Properties | 154 | 51,989,300 | 3,736,100 | $24.60 | 7.2% | 6.30% | 17 |
| Flex Spaces | 55 | 6,007,800 | 957,800 | $15.28 | 18.3% | 6.56% | 11 |
| Medical Office Spaces | 49 | 4,773,000 | 570,800 | $29.93 | 20.6% | 6.14% | 5 |
| Hospitality Properties | 32 | 3,396,200 | 203,700 | — | — | — | 2 |
| Land | 18 | 0 | 0 | — | — | — | 2 |
What separates one asset class from another
Priced per rentable square foot and quoted on a full-service or net basis; the load factor between usable and rentable area is where a quote stops being comparable.
485 tracked · 35,856,600 SF available
Clear height, dock doors, trailer parking and power service decide value more than finish quality does. Rents are usually net.
192 tracked · 21,410,700 SF available
Location and co-tenancy dominate. Percentage rent and exclusivity clauses make the headline rate an incomplete picture.
110 tracked · 2,060,400 SF available
Priced per unit and per door rather than per square foot; unit mix, in-place loss to lease and turnover cost drive the underwriting.
154 tracked · 3,736,100 SF available
A hybrid of office finish and warehouse shell — the office-to-warehouse ratio is the single most important attribute.
55 tracked · 957,800 SF available
Higher improvement cost, longer terms and stickier tenants; proximity to a hospital campus is priced explicitly.
49 tracked · 570,800 SF available
Valued per key on RevPAR rather than on rent; operating agreements and brand flags matter as much as the real estate.
32 tracked · 203,700 SF available
Valued per acre or per buildable foot, and entirely dependent on an entitlement assumption that may not survive review.
18 tracked · available
Browse by type
Reference
Frequently asked questions
Which property type has the most inventory?
Office, at 170,457,200 SF of tracked area.
Which type commands the highest rent?
Retail at $37.01 per square foot per year, blended across markets.
Why do some types show no rent or vacancy figure?
Because no market-level series is published for them here. Hospitality is valued per key on RevPAR and land per acre or per buildable foot, so a per-square-foot rent would be misleading. Those pages report what the property records support and say so.
How is property type assigned?
By the building's primary use. Mixed-use assets are classified by the use that occupies the most area, with the secondary use recorded on the property record.