Commercial area in the context of "Finance"

Play Trivia Questions online!

or

Skip to study material about Commercial area in the context of "Finance"

Ad spacer

⭐ Core Definition: Commercial area

Commercial area, commercial district or commercial zone in a city is an area, district, or neighborhoods primarily composed of commercial buildings, such as a strip mall, office parks, downtown, central business district, financial district, "Main Street", or shopping centers. Commercial activity within cities includes the buying and selling of goods and services in retail businesses, wholesale buying and selling, financial establishments, and a wide variety of uses that are broadly classified as "business." While commercial activities typically take up a relatively small amount of land, they are extremely important to a community's economy. They provide employment, facilitate the circulation of money, and often serve many other roles important to the community, such as public gathering and cultural events.

A commercial area is real estate intended for use by for-profit businesses, such as office complexes, shopping malls, service stations, bars and restaurants. It may be purchased outright by a developer for future projects or leased through a real estate broker. This type of property falls somewhere between residential and industrial property.Practically every incomer must grant permission to build a new office complex or other profit-making business, the city government must determine that the chosen area is indeed commercial area. If the zones which separate commercial, industrial, and residential area are clearly zoned for commercial use, the city will allow the sale to proceed for the stated use. If any part of the property extends into a residential or industrial zone, however, then the buyer must seek a 'variance', special permission to cross over a zone boundary.

↓ Menu

>>>PUT SHARE BUTTONS HERE<<<
In this Dossier

Commercial area in the context of Metropolitan area

A metropolitan area or metro is a region consisting of a densely populated urban agglomeration and its surrounding territories which share industries, commercial areas, transport network, infrastructure and housing. A metropolitan area usually comprises multiple principal cities, jurisdictions and municipalities: neighborhoods, townships, boroughs, cities, towns, exurbs, suburbs, counties, districts and even states and nations in areas like the eurodistricts. As social, economic and political institutions have changed, metropolitan areas have become key economic and political regions.

In the United States, metropolitan areas are delineated around the core of a core based statistical area, which is defined as an urban area and includes central and outlying counties. In other countries metropolitan areas are sometimes anchored by one central city such as the Paris metropolitan area (Paris). In other cases, metropolitan areas contain multiple centers of equal or close to equal importance, especially in the United States; for example, the Dallas–Fort Worth metropolitan area has eight principal cities. The Islamabad–Rawalpindi metropolitan area in Pakistan, the Rhine-Ruhr in Germany, and the Randstad in The Netherlands are other examples.

↑ Return to Menu

Commercial area in the context of Calcutta

Kolkata, also known as Calcutta (its official name until 2001), is the capital and largest city of the Indian state of West Bengal. It lies on the eastern bank of the Hooghly River, 80 km (50 mi) west of the border with Bangladesh. It is the primary financial and commercial centre of eastern and one of the gateways to northeastern India. Kolkata is the seventh most populous city in India with an estimated city proper population of 4.5 million (0.45 crore) while its metropolitan region Kolkata Metropolitan Area is the third most populous metropolitan region of India with a metro population of over 15 million (1.5 crore). Kolkata is regarded by many sources as the cultural capital of India and a historically and culturally significant city in the historic region of Bengal.

The three villages that predated Calcutta were ruled by the Nawab of Bengal under Mughal suzerainty. After the Nawab granted the East India Company a trading license in 1690, the area was developed by the Company into Fort William. Nawab Siraj ud-Daulah occupied the fort in 1756 but was defeated at the Battle of Plassey in 1757, after his general Mir Jafar mutinied in support of the company, and was later made the Nawab for a brief time. Under company and later crown rule, Calcutta served as the de facto capital of India until 1911. Calcutta was the second largest city in the British Empire, after London, and was the centre of bureaucracy, politics, law, education, science and the arts in India. The city was associated with many of the figures and movements of the Bengali Renaissance. It was the hotbed of the Indian nationalist movement.

↑ Return to Menu

Commercial area in the context of Poblacion

Poblacion (from Spanish población, meaning "population"), sometimes abbreviated as Pob., is a term used in the Philippines to refer to the administrative center, downtown, old town, or commercial area of a city or municipality. It may consist of a single barangay or multiple barangays. Colloquially, the poblacion area is also referred to as the bayan (see also other definitions of bayan), plaza, or centro.

↑ Return to Menu

Commercial area in the context of Pharmacy (shop)

A pharmacy (also called drugstore in North American English or community pharmacy or chemist in Commonwealth English) is a premises which provides pharmaceutical drugs, among other products. At the pharmacy, a pharmacist oversees the fulfillment of medical prescriptions and is available to counsel patients about prescription and over-the-counter drugs or about health problems and wellness issues. A typical pharmacy would be in the commercial area of a community.

↑ Return to Menu

Commercial area in the context of Kinshasa

Kinshasa (/kɪnˈʃɑːsə/; French: [kinʃasa]; Lingala: Kinsásá), formerly named Léopoldville from 1881–1966 (Dutch: Leopoldstad), is the capital and largest city of the Democratic Republic of the Congo. Kinshasa is one of the world's fastest-growing megacities, with an estimated population of 17.8 million in 2024. It is the most densely populated city in the DRC, the third-most populous city and third-largest metropolitan area in Africa, and the world's twenty-second most populous city and fourth-most populous capital city. It is the leading economic, political, and cultural center of the DRC, housing several industries including manufacturing, telecommunications, banking, and entertainment. The city also hosts some of the DRC's significant institutional buildings, such as the People's Palace, Palace of the Nation, Court of Cassation, Constitutional Court, African Union City, Marble Palace, Martyrs Stadium, Government House, Kinshasa Financial Center, and other national departments and agencies.

The Kinshasa site has been inhabited by Teke and Humbu people for centuries and was known as Nshasa before transforming into a commercial hub during the 19th and 20th centuries. The city was named Léopoldville by Henry Morton Stanley in honor of Leopold II of Belgium. The name was changed to Kinshasa in 1966 during Mobutu Sese Seko's Zairianisation campaign as a tribute to Nshasa village. Covering 9,965 square kilometers, Kinshasa stretches along the southern shores of the Pool Malebo on the Congo River. It forms an expansive crescent across flat, low-lying terrain at an average altitude of about 300 meters. Kinshasa borders the Mai-Ndombe Province, Kwilu Province, and Kwango Province to the east; the Congo River delineates its western and northern perimeters, constituting a natural border with the Republic of the Congo; to the south lies the Kongo Central Province. Across the river sits Brazzaville, the smaller capital of the neighboring Republic of the Congo, forming the world's closest pair of capital cities despite being separated by a four-kilometer-wide unbridged span of the Congo River.

↑ Return to Menu