commercial property

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Commercial property

Real estate that produces some sort of income-producing property.

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 property

Property designed for use as offices, retail space, or wholesale, hospitality, or similar uses. Contrast with multifamily residential (apartments), residential development, or industrial property.

References in periodicals archive ?
PESHAWAR -- Director General (DG) Excise and Taxation, Khyber Pakhtunkhwa, Fayyaz Ali Shah has assured the president, Sarhad Chamber of Commerce and Industry (SCCI), Faiz Mohammad Faizi to review the current floor-wise rates of property tax of commercial properties.
During the month, the prices increased for primary housing and land areas, as well as rental of commercial properties, he said,
As many as 3,617 people, almost half of the total, have done transactions worth Rs56.8bn in residential and commercial properties. The second highest transactions in real estate came from 935 residents of Rawalpindi, at Rs12.4bn.
The process is more complex with commercial properties, so the cost of acquisition in fees alone can be three or four times higher than those involved with houses.
Tenders are invited for The Subject Site (Block E) Has An Area Of Approximately 1.25 Hectares And Shannon Commercial Properties Will Shortly Be Demolishing The Large Block Of 1960~S Manufacturing Facility Buildings (Known Locally As Northlight~ Buildings) Which Are Sub-Divided, Largely Unoccupied And No Longer Fit For Purpose.
This facility allows the property managers to collect rents from tenants of the respective commercial properties for which they are held responsible for.
Ms Harding-Jones, from Newport, has already brought her 15 years' experience in the property industry to bear with a number of substantial commercial properties listed for sale in the current auction catalogue The property management and valuation university graduate said: "It's a really exciting new challenge for me to work to help expand the commercial property side of Paul Fosh Auction's business."
Its auction service, in partnership with The Great North Property Auction, which uses the Modern Method of Auction, has seen six commercial properties sell.
Department of Finance - Abu Dhabi (DoF) has announced the renewal of the management agreement signed with Abu Dhabi Commercial Properties (ADCP), a subsidiary of Abu Dhabi Commercial Bank.
Hong Kong, Jan 13, 2014 - (ACN Newswire) - Wanda Commercial Properties (Hong Kong) Co., Limited ("Wanda HK"), the substantial shareholder of Wanda Commercial Properties (Group) Co., Limited ("Wanda Commercial Properties", stock code: 00169.hk), decided last Friday that to support the growth of the listed company, in the 3 years starting from 1st January 2014, it will grant the right of first refusal to Wanda Commercial Properties to participate in the commercial property projects it develops, particularly those in southern China which comprises provinces such as Guangdong, Guangxi and Hainan, allowing the listed company to decide whether or not to join the development projects.
27, 2011 (CENS) -- Thanks to pickup in transaction volume in the second half of the year, the total transaction value of commercial properties in Taiwan will hit NT$160 billion in 2011, for which life insurance firms are the major buyers, according to Global Assets Management Co., Ltd.
There have been documented cases of commercial properties being stripped out, suffering more than pounds 150,000 of damage.

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