What is commercial condominium ownership?

Commercial condominiums include retail, office and industrial properties. A portion (unit) of a larger building can be purchased from the owner/developer of the building, either for owner use or as an investment property to be leased to others.

Commercial condominium units typically range in size from 1,000 to 10,000 square feet. Normally properties of this size are only available on a rental basis by institutional landlords.

The owner of the condominium unit holds title to the premises and has full control over any and all elements within the unit.
Restrictions on use are those of local zoning regulations and those put in place by the unit holders themselves through their condominium corporation.

Commercial condominiums provide the benefits of commercial real estate ownership that previously have been available only to owners of large-scale premises.