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Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states , residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
A commercial leasing agreement is also called a commercial property, commercial real estate, business, industrial, and office space lease. [1] The individual in ownership of the property to be rented is called the lessor or landlord. [2] The lessee or tenant uses and rents the property owned by the lessor and provides them with monetary ...
Rental rates for office and retail space are typically quoted in terms of cost per floor-area–time, usually cost per floor-area per year or month. For example, the rate for a particular property may be $29 per square-foot per year ($29/sq. ft/yr) or $290 per square-meter per year ($290/m 2 /yr).
Aerial view of the Financial District in Downtown Toronto Main Street in Chesterton, Indiana. Commercial areas, commercial districts or commercial zones in a city are areas, districts, or neighborhoods primarily composed of commercial buildings, such as a strip mall, office parks, downtown, central business district, financial district, "Main Street", or shopping centers.
A serviced office broker will commonly help business center owners and facility management companies to rent serviced office space. Companies offering serviced offices are generally able to offer more flexible rental terms, as opposed to a conventional leased office which may require furnishing, equipment, and more restrictive leases.
This is a list of shopping malls in the United States and its territories that have at least 2,000,000 total square feet of retail space (gross leasable area).The list is based on the latest self-reported figures from the mall management websites, which are also reported on each mall's individual wiki page.
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