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 Michigan, 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 business operations. The leasing, sale, and management of commercial real estate in Michigan are governed by a combination of state statutes and federal laws. State laws include the Michigan Landlord-Tenant Relationship Act, which outlines the rights and responsibilities of landlords and tenants in commercial leases, and the Michigan Compiled Laws, which cover various aspects of property law. Additionally, zoning laws at the local level dictate where commercial activities can take place. Federal laws, such as the Americans with Disabilities Act (ADA), impact commercial properties by requiring accessibility for individuals with disabilities. Investment in commercial real estate, often through REITs, is subject to both state and federal securities regulations. It's important for investors and businesses involved in commercial real estate to consult with an attorney to ensure compliance with all applicable laws and regulations.