Commercial areas in cities are areas, districts, or environments consisting mostly of commercial buildings, such as downtown, central business district, financial district, "Main Street", commercial lines, or shopping malls. In-city commercial activity involves the purchase and sale of goods and services in retail, wholesale, wholesale, financial, and various utility businesses that are widely classified as "business." While commercial activities typically take a relatively small amount of land, they are essential to the economy of the community. They provide jobs, facilitate the circulation of money, and often serve many other important roles for society, such as public meetings and cultural events.
The commercial area is real estate intended for use by nonprofit businesses, such as office complexes, shopping malls, workshops and restaurants. These can be bought directly by developers for future projects or leased through real estate brokers. This type of property lies between residential and industrial properties. Almost every resident must grant permission to build new office complexes or other profitable businesses, the municipality must determine that the selected area is indeed a commercial area. Zones that separate commercial, industrial, and residential areas are clearly marked for commercial use, then the city will allow sales to continue for the stated use. If any part of the property extends to a residential or industrial zone, then the buyer should look for 'difference', a special permit to cross the zone boundary.
Commercial areas can be held by real estate agents who treat them the same as residential areas. Signs advertising availability and size of real estate can be established, and arrangements can be made to buy or lease smaller land. The seller may also agree to make improvements to the land, such as determining uneven places or cleaning up unwanted trees. Professional developers can purchase a lot of these properties just to ensure their availability for future projects.
Video Commercial area
Zoning laws
Cities often use zoning laws to prevent conflicts between homeowners and residential businesses. The land designated as a commercial area is rarely located in the middle of a residential zone. Urban planners encourage businesses to gather in the bustling streets and downtown. This helps keep traffic to these managed sites. Some areas of the city may be for 'mixed use', which means some commercial areas can be used for residential purposes. City center shopping area with apartments will be an example of mixed use. The definition of a commercial area may include industrial use as well, even though the zoning laws still govern the permitted industrial level. Heavier industries often purchase suburban property or in unrelated areas. Some commercial zones in the city allow for the use of light industry, usually small factories with minimal emissions and transportation needs.
Some examples of commercial area buildings are:
Maps Commercial area
Different types of commercial areas
The Neighborhood Commercial 1 (CN1) zone is intended for small sites in or near dense residential neighborhoods. This zone encourages the provision of small-scale retail and use of services to nearby residential areas. Some non-retail uses or services in nature are also allowed so that various uses can be found in existing buildings. Use is limited in size to promote local orientation and to limit adverse impacts in nearby residential areas. Development is intended to be pedestrian-oriented and compatible with the scale of the surrounding residential areas. Parking areas are restricted, as their appearance generally does not correspond to the surrounding housing development and the desired orientation of use.
Commercial Zone Zone 2 (CN2) is intended for small commercial sites and areas in or near densely populated or undeveloped settlements. Zone emphasis is on use that will provide services for nearby residential areas, and on other small-scale and small-impact uses. Use in limited intensity to promote their local orientation and to limit adverse impacts in nearby residential areas. Development is expected to be accommodative automatic, unless the site is adjacent to the transit road or in the Pedestrian District. Development standards reflect that the site will generally be surrounded by a more dispersed housing development.
The Commercial Office 1 (CO1) zone is used on small sites in or near residential areas or between residential and commercial areas. This zone is intended to be a low-intensity office zone that allows for small-scale offices in or adjacent to residential neighborhoods. Permitted use is intended to serve the immediate environment and/or have some adverse impact on the environment. Development is intended to be a scale and character similar to the nearest residential development to promote compatibility with the surrounding area. Development should be pedestrian-oriented along the transit streets and in Pedestrian Districts.
Renting a commercial area
Leasing commercial office space is one of the biggest expenses incurred by new and growing businesses, so it's important to do your due diligence. Here are some tips for negotiating commercial rent for your small business.
Rental agreement
Rental terms and leases are your first negotiating points. It is generally recommended that small businesses negotiate a one to two year lease with an option to renew. You also need to consider an increase in rental rates over an extended period of time and renewal options so that you are not subject to unexpected rent increases without warning.
Consider working with a broker to help you negotiate with the property owner. It is also important to consult a knowledgeable real estate lawyer; they can often recommend the right option for you and protect your interests as you negotiate your lease through the broker.
References
External links
- Definition of commercial dictionary in Wiktionary
Source of the article : Wikipedia
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