What is meant by commercial real estate

Commercial property is real estate that is used for commercial activities like offices of company, large residential properties that are rented out, etc. The owners of these buildings or lands need to pay additional taxes in compliance with the government’s policies and laws. While there are ways to put these commercial real estates to use, in most cases, they are leased to tenants and used as workspaces or living space (on a large scale) and used for income-generating activities. Thus CRE includes everything from a small store to huge restaurants, shopping malls and resorts.