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Commercial real estate is commonly divided into five categories: Office buildings – This category includes single-tenant properties, small professional office buildings, downtown skyscrapers, and everything in between.
In fact, the instability of downtown was a cause for concern for business and real estate interests, as the business district refused to stay where it had been, and shifted its location in response to numerous factors, although it generally stayed fairly compact – in the early 1930s even the largest took up less than 2% of the city's space ...
A commercial area is real estate intended for use by for-profit businesses, such as office complexes, shopping malls, service stations, bars and restaurants. It may be purchased outright by a developer for future projects or leased through a real estate broker. This type of property falls somewhere between residential and industrial property.
A central business district (CBD) is the commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city centre" or "downtown".
Within the City of Toronto's zoning by-laws, commercial residential includes "a range of commercial, residential and institutional uses, as well as parks." [ 32 ] Mirvish Village's programmatic uses include rental apartments, a public market, and small-unit retail, [ 33 ] while also preserving 23 of 27 heritage houses on site. [ 34 ]
The downtown Beernuts building sparked interest in a developer, which city council will discuss March 27. ... So far, the plan for commercial space includes about 700 to 800 square feet of space ...
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