Definition, Meaning & Synonyms
commercial-development
noun
/kəˈmɜːrʃəl dɪˈvɛləpmənt/
Definition
The process of developing land for commercial purposes, such as building offices, retail stores, or industrial parks.
Examples
- The new commercial development will house several restaurants and shops.
- Investors are focusing on commercial developments in urban areas.
- The city approved the commercial development project downtown.
Meaning
Commercial development refers to the activities involved in creating spaces for businesses to operate, aiming to generate economic activity and profit.
Synonyms
- Business development
- Commercial construction
- Real estate development
