DEFINITION of 'Commercial Real Estate'. Property that is used solely for business purposes. Examples of commercial real estate include malls, office parks, restaurants, gas stations, convenience stores and office towers. Commercial real estate is one of the three primary types of real estate.
Initialism [edit]. NEC. 1  Not Elsewhere Classified, a phrase used in classification codes such as Standard Industrial Classification, International Standard Classification of Occupations, DSM-IV-TR, DSM-5, ICD-9, and ICD-10.2  National Exhibition Centre.3  National Executive Committee (of a political party). 4  Nippon Electric Company, Ltd. 5  National Electrical Code: its ...nitialism [edit]. NEC. 1  Not Elsewhere Classified, a phrase used in classification codes such as Standard Industrial Classification, International Standard Classification of Occupations, DSM-IV-TR, DSM-5, ICD-9, and ICD-10.
Freebase(0.00 / 0 votes)Rate this definition: NEC. NEC Corporation is a Japanese multinational provider of information technology services and products, with its headquarters in Minato, Tokyo, Japan. NEC provides information technology and network solutions to business enterprises, communications services providers and to government agencies.