Commercial Real-Estate Property

A Commercial Real-Estate Property is a real-estate property that is designated and configured for non-residential activities including commercial activities, professional activities, institutional activities, retail activities, or industrial activities.

Context:
- It can (often) be subject to Commercial Real-Estate Zoning Laws (that regulate the types of businesses allowed to operate within certain areas).
- It can (often) be leased with a Commercial Real-Estate Lease.
- It can (often) be managed by Commercial Real-Estate Management.
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- It can range from being a Small-Scale Commercial Real-Estate Property to being a Large-Scale Commercial Real-Estate Property, depending on square footage, lot size, and building height
- It can range from being an Urban Commercial Real-Estate Property to being a Rural Commercial Real-Estate Property, depending on population density and market area
- It can range from being a Core Commercial Real-Estate Property to being an Opportunistic Commercial Real-Estate Property, depending on risk level and expected return
- It can range from being a Low-Management Commercial Real-Estate Property to being a High-Management Commercial Real-Estate Property, depending on operational complexity and service requirements
- It can range from being a Single-Owner Commercial Real-Estate Property to being a Fractional-Ownership Commercial Real-Estate Property, depending on ownership structure
- It can range from being a Owner-Occupied Commercial Real-Estate Property to being a Tenant-Occupied Commercial Real-Estate Property, depending on occupancy model
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Example(s):
- By Property Type:
  - Corporate Real-Estate Properties, such as: corporate headquarters, corporate campuses, and corporate data centers.
  - Investment Real-Estate Properties, such as: multi-tenant office buildings, business parks, and commercial towers.
  - Institutional Real-Estate Properties, such as: government buildings, university buildings, and hospital buildings.
  - Retail Real-Estate Properties, such as: shopping malls, strip malls, and bank branch buildings.
  - Industrial Real-Estate Properties, such as: manufacturing plants, warehouse facilities, and logistics centers.
  - Specialty Commercial Real-Estate Properties, such as: hotel buildings, entertainment venues, and sports facilities.
  - Mixed-Use Commercial Real-Estate Properties, such as: office-retail complexes, live-work developments, and lifestyle centers.
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- By Operating Purpose:
  - Business Operation Real-Estate Properties, such as: office facilities, call center facilities, and data center facilities.
  - Retail Operation Real-Estate Properties, such as: store facilities, restaurant facilities, and service facilities.
  - Industrial Operation Real-Estate Properties, such as: production facilities, storage facilities, and distribution facilities.
  - Institutional Operation Real-Estate Properties, such as: educational facilities, healthcare facilities, and government facilities.
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- By Property Control:
  - Owner-Controlled Properties, such as: owner-occupied headquarters, self-operated facilities, and company-owned buildings.
  - Lease-Controlled Properties, such as: leased office spaces, rented retail spaces, and tenant-operated facilities.
  - Mixed-Control Properties, such as: partially-owned buildings, shared facilities, and condominium offices.
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Counter-Example(s):
- A Residential House: Used solely for living purposes.
- Agricultural Land: Primarily for farming or ranching, not commercial operations.
- A Personal Home-based Office: While used for business, it's primarily residential.
See: Commercial Real Estate Lease, Real Estate Industry, Renting, Office Space, Commercial Lease, Real Estate Investment, Property Management, Urban Development.

References

2024

(Wikipedia, 2024) ⇒ https://en.wikipedia.org/wiki/Commercial_property Retrieved:2024-11-1.
- Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. ^[1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
  Commercial buildings are buildings that are used for commercial purposes, and include office buildings, warehouses, and retail buildings (e.g. convenience stores, 'big box' stores, and shopping malls). In urban locations, a commercial building may combine functions, such as offices on levels 2–10, with retail on floor 1. When space allocated to multiple functions is significant, these buildings can be called multi-use. Local authorities commonly maintain strict regulations on commercial zoning, and have the authority to designate any zoned area as such; a business must be located in a commercial area or area zoned at least partially for commerce.