Define: Commercial Space

How is Commercial Space defined in a legal contract?

• Commercial Space means nonresidential space located on a property of a [project] that is rented or leased by the owner of the project. The income derived from this is included in Operating Income. Seen in 23 SEC filings.
• Commercial Space means any portion of a structure in the Central Business District that is not intended for residential use. Seen in 4 SEC filings.
• Commercial Space means space which is well-suited for commercial or office use due to its close proximity to public streets, sidewalks, or other thoroughfares. This includes, but is not limited to, office and retail space. Seen in 3 SEC filings.
• Commercial Space means any space in a building or structure that is used or intended to be used for sale, resale, processing, displaying, storing, handling, or distribution of personal property; or any space intended to be used as a separate business or professional unit or office in any building, structure, or portion thereof. Seen in 3 SEC filings.
• Commercial Space means any commercial space in Wing 1 which is suited for retail use and can be used exclusively by a unit owner for such commercial purposes as may be permitted by the [organization]. Seen in 3 SEC filings.
• Commercial Space means any area in a residential development that is leased or intended to be leased to an entity and generates or will generate rental income to the project Owner. Seen in 2 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of commercial space' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Commercial Space means a nonresidential area, inside a structure or property, leased to generate income.

Relevant Contract Types

• Commercial Lease Agreement
• Office Lease Agreement
• Retail Lease Agreement

Relevant Circumstances

• Property owner leasing out commercial real estate
• Businesses renting commercial spaces for operations
• Real Estate Developers renting out properties

Relevant Sectors

• Real Estate
• Retail
• Hospitality

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Genie Definition 2

Commercial Space means an area in a structure suited and used for retail or professional office use.

Relevant Contract Types

• Commercial Lease Agreement
• Service Office Agreement

Relevant Circumstances

• Businesses renting office or retail spaces
• Co-working spaces leasing desks or offices
• Professionals renting offices in shared spaces

Relevant Sectors

• Real Estate
• Startups and Tech
• Professional Services

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