Commercial property is real estate that is used for business activities. Commercial property usually refers to buildings that house businesses, but can also refer to land used to generate a profit, as well as large residential rental properties.
The designation of a property as a commercial property has implications for how it is financed, how it is taxed, and how the laws are applied to it.
Breaking Down Commercial Property
Commercial 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.