Commercial real estate is property that is used exclusively for business or commercial purposes such as office space; retail stores; warehouses; industrial space (buildings and manufacturing plants); hospitals; hotels and resorts; restaurants; shopping malls; and strip malls. Multifamily rental properties such as apartment complexes are also classified as commercial real estate.

Most commercial real estate is leased to tenants engaged in business or commercial activities. Commercial real estate is often an investment asset for real estate investment trusts (REITs) and large other investors.

In Alabama, commercial real estate encompasses properties used for business or commercial activities, including office spaces, retail stores, warehouses, industrial buildings, hospitals, hotels, restaurants, shopping centers, and multifamily rental properties like apartment complexes. These properties are typically leased to tenants for commercial operations. The leasing, sale, and management of commercial real estate in Alabama are governed by state statutes and federal laws, which include regulations on land use, zoning, environmental concerns, and building codes. Additionally, commercial real estate transactions are subject to contract law principles. Investors, including Real Estate Investment Trusts (REITs), often hold commercial properties as part of their investment portfolios. It's important for parties involved in commercial real estate transactions to comply with all relevant laws and regulations, and they may seek the advice of an attorney to navigate the complexities of commercial real estate law.