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Business Glossary
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Definitions for: commercial property
commercial property

real estate that includes incomeproducing property, such as office buildings, restaurants, shopping centers, hotels, industrial parks, warehouses, and factories. Commercial property usually must be zoned for business purposes. It is possible to invest in commercial property directly, or through Real Estate Investment Trust or real estate limited partnership. Investors receive income from rents and capital appreciation if the property is sold at a profit. Investing in commercial property also entails large risks, such as nonpayment of rent by tenants or a decline in property values because of overbuilding or low demand.

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Industry Associations

Industry Associations
Property Management Association
Property management professionals who own and operate multifamily residential, commercial, retail, industrial and other income-producing properties and firms that provide goods and services used in real property management. Works to ...

Members: 1,100
Founded: 1952
Dues: full, $155 annual; associate, $720 annual.