What is the difference between residential property and commercial property?

Answer 1

Residential property is primarily used for living purposes, such as houses, apartments, and condominiums, while commercial property is intended for business activities, including offices, retail stores, industrial buildings, and warehouses. The distinction lies in their intended use, with residential properties serving as homes for individuals and families, while commercial properties are utilized for generating income through commerce and business operations. Additionally, zoning regulations often separate residential and commercial areas to maintain distinct land uses and property values.

Answer 2

Commercial property is a building used for commerce such as business, trading and retailing. Or to provide a service. This type of property is not used for living in, whereas residential is.