ELI5: Explain Like I'm 5

Commercial property

Commercial property is like a big building or space where grown-ups go to do their grown-up jobs or sell grown-up things. It's the place where stores, offices, factories, and warehouses are located.

Commercial property is different from houses, because houses are where families live, and commercial property is where grown-ups do work things. It's important to keep the commercial property in good shape, so grown-ups can keep doing their work things.

Sometimes, people buy commercial property just like they buy a house. They might buy it to start a new business or they might buy it to make money by renting it out to others who need a place to do their work things.

So, commercial property is important for grown-ups because it's where they work and it's important for people who own the property because they can make money from it.