Commercial Real Estate - Page 12

Commercial Real Estate refers to properties that are primarily used for business purposes rather than residential living. This category includes a variety of property types such as office buildings, retail spaces, warehouses, industrial properties, and multifamily apartment complexes with five or more units. Commercial real estate is typically leased to tenants who then operate their businesses on the premises, generating income for the property owner. The key characteristics that differentiate commercial real estate from residential real estate include the nature of the intended use, the leasing processes, and the investment strategies applied. Commercial real estate can range from small businesses needing a storefront to large corporate office towers and shopping malls, playing a crucial role in the economy by providing space for commerce and services.