definition of commercial property
DEFINITION of 'Commercial Property'. Real estate property that is used for business activities. Commercial properties fall into many categories and include including industrial properties, shopping centers, farms, offices, or even vacant land.Next Up.ommon examples of commercial property include the grocery store you regularly visit and the office buildings found near major urban centers.
Commercial Property. Real estate and improvements thereon that the local government has specifically designated for business use. Commercial property may be set aside for farming, industrial use, or professional offices.ommercial property usually has to comply with certain standards set by the municipality; for example, a building may be required to have a certain aesthetic.