What Is Commercial Real Estate (CRE)?
Commercial Real Estate is simply defined as any property owned to produce income. This can be just about anything, including:
- an apartment building
- student housing
- an office building
- a car-wash
- a hotel
- a strip center
From an investment point of view, commercial real estate encompasses any kind of property, including land, which brings or has the potential to bring income. From a business point of view, commercial real estate is any offering of office, retail, industrial, medical, hospitality, and other commercial space that can be leased (and sometimes bought) for the use of the business.
Commercial properties can be classified into six main categories: office, retail, industrial, multi-family, land, and a miscellaneous catch-all category that includes everything else.