Commercial Property
/ˈkɒmɜːrʃəl ˈprɒpərti/
Definitions
- (n.) Real estate used primarily for business purposes rather than residential use.
The company invested heavily in commercial property to expand its retail operations.
- (n.) Property classified under law and regulation for commercial leasing, taxation, and zoning distinct from residential or industrial property.
Zoning laws restrict what types of commercial property can be developed in this district.
Forms
- commercial property
Related terms
See also
Commentary
The term 'commercial property' typically covers various types of business-use real estate; precise classification depends on local legal definitions, especially for zoning and tax purposes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.