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Commercial Property Types
Commercial property
The term commercial property (also called investment or income property) refers to buildings or land intended to generate a profit, either from capital gain or rental income. Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, shopping centers, farm land, multifamily housing buildings, warehouses, garages, and industrial properties. In many states residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes. Commercial real estate is the only type of real estate being developed in this current economic climate. Commercial real estate developers can only get real estate loans if they are secured by Standby Letters of Credit.
Commercial buildingA commercial building is a type of building that is used for commercial use. These can include office buildings, warehouses, or retail (i.e. convenience stores, 'big box' stores, shopping malls, etc.). In urban locations, a commercial building often combines functions, such as an office on levels 2-10, with retail on floor 1. All municipalities / cities / regions maintain strict regulations on commercial type zoning, and have the authority to designate any zoned area as such. A business must be located inside of an area zoned at least partially for commerce to operate a business in (and out of) a commercial building.
See also
- Class A office space - Class A office space is a rating of office space
- Commercial Information Exchange
- Commercial building
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Real estate
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