commercial real estate


Also found in: Acronyms.

Commercial Property

Real estate and improvements thereon that the local government has specifically designated for business use. Commercial property may be set aside for farming, industrial use, or professional offices. Municipalities usually group commercial property together to maintain orderliness in the city, and to prevent new developments from interfering with existing homes and businesses. For example, a city may set aside an area for commercial development so a business does not build a large factory next to personal homes. Commercial property usually has to comply with certain standards set by the municipality; for example, a building may be required to have a certain aesthetic. Commercial property may be taxed differently from other property. See also: Zoning.

commercial real estate

Typically refers to office or retail space, or multifamily residential properties such as apartments. May include industrial real estate, but sometimes the phrase is meant to exclude industrial properties and must be read in context.

References in periodicals archive ?
Gaccione has been in commercial real estate for 6 years active in all areas of commercial real estate lending.
According to Arthur Zabarkes, former director of the Real Estate Institute of New York University, commercial real estate is a $3 trillion revenue-producing industry, representing 35% of all investable wealth in America.
This growth in real estate lending includes substantial increases in home mortgages as well as commercial real estate loans, but it is the latter, of course, that has mainly presented the problems to the banking industry.
Assuming responsibility for New York City commercial real estate is Gino Martocci, senior vice president, who will continue with his current responsibility of managing private banking.
According to Linda Solomon, a commercial real estate owner and guest of the first event, "This was one of the best events I've been to in a long time.
Cushman & Wakefield is also the national executive partner with CREW Foundation (Commercial Real Estate Women) in a special national program aimed at introducing teenage girls to commercial real estate careers.
Over the last few years, the early adopters, often the larger commercial real estate companies, have found technology to be their biggest competitive differentiator.

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