Commercial property, also called commercial real estateinvestment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income.[1] Commercial property includes office buildings, medical centers, hotelsmalls, retail stores, multifamily housing buildings, farm landwarehouses, and garages. In many statesresidential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.

Commercial buildings are buildings that are used for commercial purposes, and include office buildingswarehouses, and retail buildings (e.g. convenience stores, ‘big box‘ stores, and shopping malls). In urban locations, a commercial building may combine functions, such as offices on levels 2–10, with retail on floor 1. When space allocated to multiple functions is significant, these buildings can be called multi-use. Local authorities commonly maintain strict regulations on commercial zoning, and have the authority to designate any zoned area as such; a business must be located in a commercial area or area zoned at least partially for commerce

Add to wish list

You must log in to submit a review.