What Types of Commercial Properties Can Businesses Lease?
What is Commercial Property (or Commercial Real Estate)? Commercial real estate is land, property, or facilities that are either zoned for, or used exclusively for, business purposes. In most cases, people cannot live in a building zoned for commercial business purposes. Types of Commercial Properties Most Business Owners Lease Commercial property does not just refer to stand-alone office buildings, but also includes commercial parks, business parks, and retail malls and outlets. In addition to traditional low-rise and high-rise commercial office buildings, businesses (and individuals) lease in: • Business Parks: A business park is a group of buildings designed for general and light-industrial use business purposes. Business park rents are often cheaper than retail properties and comparable to industrial park rents. Many doctors and other service professionals lease space in business parks. • Industrial Parks: This type of commercial property consists of buildings divided into units or
