What is classified as a commercial real estate asset?

A commercial real estate asset is defined primarily by its purpose of generating income or profit through various means such as leasing, selling, or renting. This includes properties like office buildings, retail spaces, industrial warehouses, and multifamily housing that is primarily occupied for business rather than personal use. The income-generating aspect is the key characteristic that distinguishes commercial properties from residential ones, which are typically sold or rented for personal use.

While residential buildings with rental units may seem like they align with commercial assets, they are primarily classified as residential real estate unless they are specifically intended for business purposes or large-scale investments. Similarly, a plot of vacant land may have potential for commercial use but doesn't constitute a commercial asset unless it is actively developed or intended for income generation. Thus, option B distinctly captures the essence of a commercial real estate asset, as it focuses on properties that are explicitly intended for creating revenue.