Helpful Definition for: Commercial & Industrial
Commercial and industrial properties and organizations are present in Richmond. A commercial organization is usually one that retails or sells the goods and services produced. This includes stores, service agencies, hospitality, and other sectors. Industrial property, on the other hand, basically refers to large factories, computer chip operations, cooling systems, power plants and boiler treatment operations- in a way, to the production arm of the commercial sector. In many areas, these sectors can overlap (and indeed, there is some debate about how far you can separate them), some consideration is also to be given to the scale of the operation, and who or what it caters to. Some examples of commercial market entities in Richmond may include restaurants, hotels, camps, laundries, hospitals, grocery stores and car washes. Some examples of industrial market entities include factories and plants that may be present here.