Commercial Property

Commercial property refers to real estate that is used primarily for business purposes. This category includes a variety of property types such as office buildings, retail spaces, warehouses, industrial properties, and multifamily residential buildings (typically those with five or more units). Commercial properties are often leased to tenants who operate businesses within the space, and they are generally intended to generate a profit, either through rental income, capital appreciation, or both. The value and management of commercial properties can be influenced by numerous factors, including location, economic conditions, property management practices, and market demand. Commercial properties are distinct from residential real estate, which is primarily used for living purposes.