Commercial Real-Estate Property
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A Commercial Real-Estate Property is a real-estate property that is utilized for business activities and purposes, designed to generate profit through capital gain or rental income.
- Context:
- It can (typically) include properties such as office buildings, retail centers, industrial warehouses, and commercial lands used for business operations like product manufacturing or as parking lots.
- It can (often) be subject to specific zoning laws that regulate the types of businesses allowed to operate within certain areas.
- It can provide investment opportunities through direct purchase, real estate investment trusts (REITs), or real estate funds.
- It can encompass a diverse range of property types including mixed-use developments that combine residential, commercial, and entertainment options.
- It can be defined by its ability to be leased or purchased with the intention of conducting business, which distinguishes it from residential properties.
- It can offer a stable operating environment for businesses, potentially generating income and attracting customers, with certain types like industrial properties offering high returns.
- It can (often) be leased (with a commercial lease).
- ...
- Example(s):
- An Office Building: E.g., used by businesses like a law firm.
- A Retail Property: Locations for the sale of goods and services to consumers.
- An Industrial Property: For manufacturing, production, distribution, and storage.
- Commercial Land: Used as a base for operations like a parking lot.
- Mixed-Use Development: Integrates multiple uses within a single property.
- ...
- Counter-Example(s):
- A Residential House: Used solely for living purposes.
- Agricultural Land: Primarily for farming or ranching, not commercial operations.
- A Personal Home-based Office: While used for business, it's primarily residential.
- See: Commercial Real Estate Lease, Real Estate Industry, Renting, Office Space, Commercial Lease, Real Estate Investment, Property Management, Urban Development.
References
2023
- https://www.lawdepot.com/contracts/commercial-lease-agreement/
- QUOTE: What properties are commercial?
- Generally, commercial real property includes any non-residential real estate, including entire buildings as well as individual units within buildings. The following examples are considered commercial property:
- Office spaces, including individual office suites or entire office buildings
- Industrial buildings, such as factories and workshops
- Retail stores and shops
- Restaurants, cafes, and commercial kitchens
- Warehouses and other storage spaces