Residential vs. Commercial Real Estate

Residential real estate refers to properties designed for people to live in, such as houses, apartments, and condominiums. These properties are typically bought or rented for personal use. In contrast, commercial real estate encompasses properties used for business purposes, including office buildings, shopping centers, and industrial spaces. These properties are primarily intended to generate income through leasing or investment. Overall, the main difference lies in their intended use: one is for living, while the other is for conducting business activities.