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Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
Some entrepreneurs even converted empty warehouses into inexpensive rooming houses. [8] Prior to 1900, elevators were rare, so rooming house residents had to climb stairs. The hasty conversion of old houses and warehouses into blocks of rooms typically meant that the walls were thin, so residents could hear each other. [8]
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.
Self-storage facilities rent space on a short-term basis (often month-to-month, though options for longer-term leases are available) to individuals (usually storing household goods; nearly all jurisdictions prohibit the space from being used as a residence) or to businesses (usually storing excess inventory or archived records). [2]
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Warehouse in South Jersey, a U.S. East Coast epicenter for logistics and warehouse construction, [1] outside Philadelphia, where trucks deliver slabs of granite. A warehouse is a building for storing goods. [2] [3] Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc.
The building houses over 1,200,000 square feet (110,000 m 2) of floor space flooded by light from approximately 1,000 large multi-paned, steel frame windows. It was built about 1925 as a mail order and retail warehouse for Montgomery Ward on an 11 acres (4.5 ha) site adjacent to the Baltimore and Ohio Railroad tracks. [2]
Aerial view of the Financial District in Downtown Toronto Main Street in Chesterton, Indiana. Commercial area, commercial district or commercial zone in a city is an area, district, or neighborhoods primarily composed of commercial buildings, such as a strip mall, office parks, downtown, central business district, financial district, "Main Street", or shopping centers.