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- Commercial property refers to12:
- Buildings or land that are used for business purposes, such as offices, medical centers, hotels, malls, retail stores, etc.
- Buildings or land that contain more than a certain number of residential units, such as multifamily housing buildings, farm land, etc.
- Buildings or land that are used for industrial or manufacturing activities, such as warehouses, garages, industrial estates, etc.
- Commercial property is often used as an indicator of business activity in a given area or economy.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
en.wikipedia.org/wiki/Commercial_propertyCommercial property includes malls, grocery stores, offices, industrial estates, manufacturing shops and more. The performance of commercial property — including sales prices, new building rates, and occupancy rates — is often used as a measure for business activity in a given region or economy.
www.investopedia.com/terms/c/commercial-propert… - People also ask
Commercial Real Estate Definition and Types - Investopedia
Some businesses own the buildings that they occupy. However, the more typical case is that the commercial property is leased. Usually, an investor or a group of investors owns the building and collects rent from each business that operates there. Commercial lease rates—the price to occupy a space over a … See more
Commercial real estate (CRE) is property used exclusively for business-related purposes or to provide a workspace rather than a living space, which would instead constitute residential … See more
Commercial real estate and residential real estate comprise the two primary categories of real estate property. Residential properties include structures reserved for human habitation and not for commercial or industrial use. As its name implies, commercial … See more
Owning and maintaining leased commercial real estate requires full and ongoing management by the owner. Property owners may wish to employ a commercial real … See more
Investing in commercial real estate can be potentially lucrative and serve as a hedge against the volatility of the stock market. Investors can make … See more
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