CRE is the abbreviation for commercial real estate.
Another word for commercial for real estate is commercial property.
While members of the same family, CRE (or commercial property) is not the same as residential property.
Commercial real estate comprises the following primary property categories:
- Shopping centres or retail (including malls, high street shops, factory shops, quick service restaurants etc.)
- Industrial (including warehouses, factories, distribution centres, mini warehouses etc.),
- Offices (aka commercial), and
- Other – covering education, hospitality (hotels), healthcare (covering hospitals and clinicis), service stations
CRE forms the prefix for terms such as CREtech or CREdata