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Commercial Property
Commercial property serves business activities or income-producing occupancy, including office, retail, industrial and multifamily uses.
Commercial property is real estate used for business activities or held to earn income from occupants. Major sectors include office, retail, industrial and multifamily property.
A commercial property can house its owner's business or be leased to other occupants. Its property type describes its use; it does not, by itself, identify the lease terms or who pays operating expenses.
Sources: NAR: Commercial Real Estate Market Research; NAR: Under the Radar.
Frequently Asked Questions
Must commercial property be leased to someone else?
No. A business can occupy commercial real estate that it owns. Other properties are leased to third parties. Occupancy and ownership are separate from the property's use category.
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