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 Washington State, 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 purposes. The leasing, sale, and management of commercial real estate are governed by a combination of state statutes and federal laws. Washington State law requires that all real estate transactions, including those for commercial properties, be conducted in accordance with the Real Estate Brokerage Relationships Act, which outlines the duties of real estate brokers and managing brokers. Additionally, the Washington State Commercial Receivership Act provides a framework for the appointment of receivers in commercial real estate cases. Federal laws, such as the Americans with Disabilities Act (ADA), also impact commercial real estate by requiring that public accommodations in commercial properties be accessible to people with disabilities. Investors, including REITs, are subject to both state and federal securities laws when dealing with commercial real estate investments. It's important for parties involved in commercial real estate transactions to consult with an attorney to ensure compliance with all relevant laws and regulations.