Commercial property

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The term commercial property (also called investment or income property) refers to buildings or land intended to generate a profit, either from capital gain or rental income.^[1] Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, shopping centers, farm land, multifamily housing buildings, warehouses, garages, and industrial properties^[2][3]. In many states residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes. Commercial real estate developers can only get real estate loans if they are secured by Standby Letters of Credit^{[citation needed]}.

Commercial Real Estate is commonly broken up into three categories: 1)Retail 2)Office 3) Industrial.

[edit] See also

• Class A office space - Class A office space is a rating of office space.
• Commercial Information Exchange
• Commercial building
• Real estate

[edit] References