Commercial Estates

Commercial property in the strictest sense is real estate that is acquired with the intention to use as a profit generating business like a shopping mall, office complex, restaurants, service stations and the likes. The property may be purchased by the developer outright or leased from a bank or an individual property owner. Commercial is in some aspects distinct from industrial and residential properties.

A commercial property falls under the regulation of the zoning system of the city or town which has jurisdiction over it. When a commercial property extends to a different zone, it has to secure special permits from the appropriate agency to allow its operation in the different zone.