Commercial real estate is property that is used exclusively for business or commercial purposes such as office space; retail stores; warehouses; industrial space (buildings and manufacturing plants); hospitals; hotels and resorts; restaurants; shopping malls; and strip malls. Multifamily rental properties such as apartment complexes are also classified as commercial real estate.
Most commercial real estate is leased to tenants engaged in business or commercial activities. Commercial real estate is often an investment asset for real estate investment trusts (REITs) and large other investors.
In Texas, commercial real estate encompasses properties used for business or commercial activities, including office spaces, retail stores, warehouses, industrial buildings, hospitals, hotels, restaurants, shopping centers, and multifamily rental properties like apartment complexes. These properties are typically leased to tenants for business purposes. Texas law governs various aspects of commercial real estate, including zoning, land use, leasing agreements, sales transactions, property taxes, and financing. The Texas Property Code and other state statutes provide specific regulations on lease agreements, disclosures, and the rights and responsibilities of landlords and tenants. Additionally, federal laws may apply to certain aspects of commercial real estate, such as the Americans with Disabilities Act (ADA) for accessibility, environmental regulations, and tax implications for investment properties. Investors, including REITs, often hold commercial real estate as part of their investment portfolios, and these investments are subject to both state and federal securities laws.
