Commercial Property

Definition ∞ Commercial property denotes real estate utilized for business activities rather than residential habitation. This asset class includes office buildings, retail spaces, industrial warehouses, and hospitality establishments. Such properties generate income through rent, leasing, or capital appreciation. Investment in commercial property often involves substantial capital and long-term planning.
Context ∞ The commercial property sector currently navigates significant shifts influenced by remote work trends, e-commerce growth, and changing consumer habits. Office vacancies and retail reconfigurations are pressing concerns, while industrial logistics properties experience heightened demand. Property technology, including tokenization of real estate assets, is a developing area impacting investment and management practices.