Specific Industry description
Commercial real estate refers to non-residential property (land and buildings) used by companies to support business activities; the owners of these properties generate income by charging the companies rent to use this space.
The main categories include office buildings, retail properties such as shopping malls, industrial complexes such as warehouses, hotels, and apartment complexes or “multifamily” properties.
Commercial real estate does NOT include single-family owned homes or condominiums (condos) because those properties are used for residential (living) purposes rather than business purposes.