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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.
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WEBJul 21, 2024 · As its name implies, commercial real estate is used in commerce, and multiunit rental properties that serve as residences for tenants are classified as commercial activity for the landlord.
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