Commercial real estate in Latvia
https://propertyguide.lv/en/types/usage/commercial/
Commercial real estate is any nonresidential real property that is
intended to generate profit from selling it or renting it out.
While technically any real estate can be used in this way, commercial
real estate is specifically built or re-designed with such a purpose in mind.
It is important to distinguish the general and legal notions of the term.
Some legislations, e.g. certain US states, consider residential property containing
more than a certain number of units to also be commercial for legal and tax purposes.
The two most widespread types of
commercial property are offices and retail real estate.
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