Per the National Association of Realtors...

Commercial real estate is defined as “any multifamily residential, office, industrial, or retail property that can be bought or sold in a real estate market.” This might seem straightforward, but there are a few additional intricacies to the commercial real estate market that differentiate it from the homeowner’s market.

While it’s easy to identify a commercial real estate property that’s used as an office building, by definition, commercial real estate is any building or property that houses one or more retail businesses where the general public can go to purchase goods or services. There are also industrial commercial real estate properties that usually fall into the categories of distribution center, manufacturing facilities, or warehouses. And it includes specialty commercial real estate properties that may function as medical, office building, self-storage, five-plus unit apartments, hotels, motels, senior centers, golf courses, resort...