COMMERCIAL REAL ESTATE

November 27, 2024 ⚊ 1 Min read ⚊ Views 12 ⚊ BUSINESS

Commercial real estate is any nonresidential real property that is intended to generate profit from selling it or renting it out. While technically any real estate can be used in this way, commercial real estate is specifically built or re-designed with such a purpose in mind. It is important to distinguish the general and legal notions of the term. Some legislations, e.g. certain US states, consider residential property containing more than a certain number of units to also be commercial for legal and tax purposes. The two most widespread types of commercial property are offices and retail real estate.

Read details: https://propertyguide.lv/en/types/usage/commercial/

Tags: #real estate, EU, Europe, Latvia

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