T: Alexa, what is the definition of Commercial Real Estate?
A: I’m sorry, I don’t know what that is.
T: Alexa,….. What is the definition of Real Estate?
A: Real Estate, blah, blah, blah….
(She has an answer.)
T: What is the definition of Commercial?
A: Commercial has 3 meanings.
As an adjective
- Something, something, yadda, yadda Commercial Enterprise
T: (to self) Hmmmmm, that looks like it leads to what the “C” in “CRE” means.
(continue listening to other definitions.)
T: (to self) No, noooo? Adjective 1 is the CRE path of “Commercial.”
T: Alexa, what is the definition of Commercial Enterprise?
(I figure if she uses terms in her descriptions she must have something “in mind” for what that term means.)
And note to self: Commercial Enterprise Real Estate Services
A: Commercial Enterprise has 2 meanings.
- Noun. An Enterprise connected with Commerce.
- The activities of providing goods and services involving financial and commercial and industrial aspects.
I ask Alexa again for a definition of Commercial Real Estate.
She now says she has found something from Wikipedia.
T: Alexa, what is Commercial Property?
A: Commercial Property. Buildings or Land intended to profit either by Capital Gain or Rental Income
T: (to self) Investment RE
T: Alexa, what is the definition of Capital Gain?
A: Capital Gain – The amount by which the selling price of an asset exceeds the purchase price. The gain is realized when the asset is sold.
So again, I ask you…
T: Alexa, what is Commercial Real Estate