What does commercial real estate mean?

Commercial real estate refers to real estate for commercial purposes, so it is also called shop real estate. It is different from residential real estate with residential function and industrial real estate with industrial production function.

Broadly speaking, commercial real estate usually refers to the real estate forms used for various business purposes such as retail, wholesale, catering, entertainment, fitness and leisure, which are different from ordinary houses, apartments, villas and other real estate forms in business model, function and use.

Real estate with office as its main purpose belongs to the category of commercial real estate, and can also be listed separately. The commonly used vocabulary abroad is the concept of retail real estate. Generally refers to the form of real estate used in retail industry, and in a narrow sense, it is commercial real estate.

Extended data:

According to the Measures for the Administration of Urban Real Estate:

Article 59 The state practices a system of registration and certification of land use rights and house ownership.

Article 60 Anyone who obtains the land use right by means of transfer or allocation shall apply to the land administration department of the local people's government at or above the county level for registration. After verification by the land administration department of the local people's government at or above the county level, the land use right certificate shall be issued by the people's government at the same level.

If a house is built on the land for real estate development obtained according to law, it shall apply for registration to the real estate management department of the people's government at or above the county level with the certificate of land use right, and the real estate management department of the people's government at or above the county level shall verify and issue the certificate of ownership of the house.

When real estate is transferred or changed, it shall apply to the real estate management department of the local people's government at or above the county level for registration of change, and apply to the land management department of the people's government at the same level for registration of change of land use right with the changed house ownership certificate. After verification by the land management department of the people's government at the same level, the people's government at the same level shall replace or change the land ownership certificate. If it is otherwise provided by law, it shall be handled in accordance with the provisions of relevant laws.

Article 61 When a real estate is mortgaged, it shall be registered with the department designated by the local people's government at or above the county level.

Where the land use right and house ownership are obtained due to the disposal of mortgaged real estate, the transfer registration shall be handled in accordance with the provisions of this chapter.

Article 62 If the people's governments of provinces, autonomous regions and municipalities directly under the Central Government determine that the local people's governments at or above the county level are in charge of real estate management and land management, they may make and issue unified certificates of real estate ownership, and confirm and change the ownership of houses and the land use rights within the scope occupied by houses in accordance with the provisions of Article 60 of this Law. Real estate title certificate is loaded separately.

Article 70 If the staff of real estate management departments and land management departments neglect their duties and abuse their powers, which constitutes a crime, they shall be investigated for criminal responsibility according to law; If it does not constitute a crime, it shall be given administrative sanctions.

If the staff of the real estate management department and the land management department take advantage of their positions to ask for other people's property, or illegally accept other people's property to seek benefits for others, which constitutes a crime, criminal responsibility shall be investigated in accordance with the Supplementary Provisions on Punishing Corruption and Bribery Crimes according to Law; If it does not constitute a crime, it shall be given administrative sanctions.

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