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 Kansas, 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 Kansas are governed by state statutes and regulations, which include zoning laws, environmental regulations, and building codes. Additionally, commercial real estate transactions must comply with federal laws such as the Americans with Disabilities Act (ADA) and environmental regulations. 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 consult with an attorney to ensure compliance with all applicable laws and to address complex issues such as financing, tax implications, and contract negotiations.