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.
The National Electrical Code (NEC), or NFPA 70, is a regionally adoptable standard for the safe installation of electrical wiring and equipment in the United States. It is part of the National Fire Codes series published by the National Fire Protection Association (NFPA), a private trade association.he NEC is developed by NFPA's Committee on the National Electrical Code, which consists of 19 (20 in 2008) code-making panels and a technical correlating committee.