Commercial property, refers to properties exclusively used for business-related activities. On the other hand, residential property is for the purpose of living.
Typically, commercial property is leased to tenants for income-generating purposes. Commercial property could include office buildings, duplexes, restaurants, coffee shops, retail shops, healthcare centres, hotels or warehouses.
Accessibility regulations are often more strict for commercial properties because there are more people occupying one building, including customers and employees. Usually, commercial leases are longer than residential leases because commercial buildings are used for business activity.