Commercial Real Estate

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What is considered a commercial property?

Any office space or office building, retail store, a restaurant, a coffee shop, mixed use property,  Multi family (5 family and more) housing, car garages etc.

In addition to the aforementioned examples, there are several other types of properties that are considered commercial. Warehouses and industrial buildings, for instance, are often categorized as commercial properties due to their purpose of facilitating storage, manufacturing, or distribution activities. Shopping centers and malls, which consist of multiple retail stores and often include entertainment venues, also fall under the commercial property umbrella.

Furthermore, hotels and motels are classified as commercial properties as they provide accommodations and hospitality services to guests. Another type of commercial property is a medical facility, such as a hospital, clinic, or medical office, where healthcare services are offered.

It’s important to note that the classification of a property as commercial can vary based on local regulations and zoning laws. Some areas may have specific designations for certain property types, while others may have broader definitions that encompass a wider range of businesses and establishments.

Overall, commercial properties encompass a diverse array of structures that are primarily used for business purposes, catering to the needs of various industries and serving as vital components of the economic landscape.

 

Commercial Real Estate in Central City Philadelphia

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