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Commercial property: what it is and what it includes

Commercial property, or commercial real estate, is land or buildings used for commerce, for example selling products or providing services. It is meant to make a profit, from business operations, from capital gains, or from rent.

I

What commercial property is

Commercial property, or commercial real estate, is land or buildings used for commerce. That covers selling products or providing services. The property is meant to make a profit, from business operations, from capital gains, or from rent. The term takes in a wide range of places: office blocks, medical centres, hotels, shopping malls, retail stores, buildings with multiple homes, farmland, warehouses and garages.

II

Commercial buildings and multi-use

Commercial buildings are buildings used for commercial purposes. They cover office buildings, warehouses and retail buildings, for example convenience stores, shopping malls and so-called "big box" stores. In cities, a commercial building can serve more than one purpose. Offices might sit on levels 2 to 10 with retail on floor 1. When a large share of the space serves multiple functions, the building can be called multi-use.

In cities, a commercial building can serve more than one purpose.

III

Commercial zoning

Local authorities commonly keep strict regulations on commercial zoning. They can designate any zoned area for commerce.

Questions people ask

What is commercial property?
Commercial property, or commercial real estate, is land or buildings used for commerce, for example selling products or providing services. It is meant to make a profit, from business operations, from capital gains, or from rent.
What kinds of buildings count as commercial property?
The term covers office blocks, medical centres, hotels, shopping malls, retail stores, buildings with multiple homes, farmland, warehouses and garages.
What is a commercial building?
Commercial buildings are buildings used for commercial purposes. They cover office buildings, warehouses and retail buildings, for example convenience stores, shopping malls and so-called "big box" stores.
What does multi-use mean for a commercial building?
In cities, a commercial building can serve more than one purpose, with offices on upper floors and retail at street level. When a large share of the space serves multiple functions, the building can be called multi-use.
How does commercial zoning work?
Local authorities commonly keep strict regulations on commercial zoning. They can designate any zoned area for commerce.

Sources

  1. Commercial property (Wikipedia)