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 classic literature ?
For the most part, I do not think it occurred to me that they were there to be sold; for this pale poet seemed indifferent to the commercial property in them, and only to wish me to like them.
He has a background in commercial property, specializing in underwriting, placing commercial property risks, and developing short-tail and difference in conditions commercial property programs.
M2 EQUITYBITES-October 15, 2018-CoStar Group Acquires UK-Based Realla Commercial Property Marketplace
UK-based real estate investment trust UK Commercial Property REIT Ltd.
Commercial property transactions, both leases and purchases, are not exempt from VAT and both tenants and purchasers are obliged to pay VAT on either the rent or the purchase price.
He said the prices in the primary housing market, secondary housing market, land market, commercial property market, as well as rental housing market and rental commercial property market increased for the month.
The deal adds a team of talented commercial property tax professionals, including Scott Retzloff, who will assume a role on the senior leadership team as Principal.
Phoenix, AZ, October 10, 2017 --(PR.com)-- Commercial Property Connect has long been associated with ReMax Alliance Group/REMAX Commercial as their premier commercial agent team.
The commercial property insurance sector has endured low premium rates for several years and 2015 has been no different.
Gordon Brown heads up the commercial property department at GBLF.
DEMAND for commercial property in the North East fell during the last quarter of 2015, despite investors seeing it as a safe haven with rents and capital values continuing to rise, a new survey says.
HUDDERSFIELD-BASED law firm Ridley & Hall has appointed solicitor David Amies (pictured) to lead its commercial property team.

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