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Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land ...
Employees travel for work, take vacation, or are working from home in greater numbers than ever before. To avoid having to lease or buy more office space, flex space allows a company to have a higher occupancy of cube space and less wasted work areas. At the beginning of the work day, an employee shows up at work.
If the zones which separate commercial, industrial, and residential area are clearly zoned for commercial use, the city will allow the sale to proceed for the stated use. If any part of the property extends into a residential or industrial zone, however, then the buyer must seek a 'variance', special permission to cross over a zone boundary.
Starlab is the name given to the planned LEO space station designed by Nanoracks for commercial space activities uses. The station is expected to be launched in 2028. The company released preliminary plans in October 2021, where the main structure of Starlab consisted of a large inflatable habitat to be built by Lockheed Martin and a metallic docking node.
[2] [3] The vacant 2.3-acre (0.93 ha) property [4] was worth $2 million, and the city gave Molasky the land on the condition that he use it for the construction of extensive office space to generate substantial property taxes for the city. [5] The 14 ½-story building would include a 6 ½-story parking garage topped by eight floors of office ...
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