Commercial property refers to real estate that is used for business purposes, such as retail stores, office buildings, industrial buildings, warehouses, and apartment buildings with five or more units. Commercial properties are typically owned and leased by businesses or investors, rather than used as residential homes.
Investing in commercial property can be a lucrative venture for those looking to generate income through rent or property appreciation. However, it is important to thoroughly research the market, the property, and any associated costs before making an investment.
