What type of commercial property is a gym?

What type of space is a gym?

The Physical Fitness (Exercise Room) space type is a space specifically designated for exercise, fitness training, and physical wellness activities.

What are the 4 main categories of commercial real estate?

The four main classes of commercial real estate include: office space; industrial; multi-family rentals; and retail. Commercial real estate provides rental income as well as the potential some capital appreciation for investors.

What is a fitness center commonly referred to as?

A health club (also known as a fitness club, fitness center, health spa, and commonly referred to as a gym) is a place that houses exercise equipment for the purpose of physical exercise.

What type of facilities do fitness Centres provide?

For instance, most fitness centers offer their members a free weight area (gym), weight machines (gym), cardiovascular equipment (aerobic and gym), aerobic classes (aerobic), yoga classes (yoga), swimming pool, jacuzzis, saunas, tanning beds and child daycare centers.

What is commercial and industrial property?

Whilst industrial properties refer to any business related to manufacturing goods; commercial properties tend to a business that operates with the main motive of gaining profit.

What type of property is a warehouse?

Storage and distribution properties are exactly what their names imply—buildings where products are stored and shipped to the end user. There are three types of storage and distribution spaces: distribution warehouse, general warehouse and truck terminal.

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Is Airbnb considered commercial property?

Short term rentals (such as Airbnb) held not to violate a covenant prohibiting “commercial use” contrary to rulings of some other courts. … While some courts have said that such rentals do constitute commercial use, see, others have found the use not to be commercial but residential in nature.