Commercial Land
Commercial land is a plot of land used for commercial purposes, such as to generate a profit. It can include:
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Buildings
Office buildings, hotels, malls, retail stores, warehouses, and medical centers
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Residential properties
Apartment complexes and other residential properties that generate a profit
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Raw land
Undeveloped rural land or infill land that could be developed for commercial purposes
Commercial land is also known as commercial real estate, investment property, or income property. The classification of a property as commercial has implications for how it is financed, taxed, and how the laws apply to it.
Commercial property efficiency is often used as a proxy for business activity in a given area or economy.
