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.
1.Both the NEC and IEC set requirements that cover the installation and management of electronic systems along with wiring and electric shock protection. 2.NEC is intended to provide safety, while IEC only serves as a guidance. 3.NEC was developed in the United States while the IEC follows the European concept and regulations. 4.NEC is all encompassing, while IEC needs further and supporting documents for uniformity.