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 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. Work on the NEC is sponsored by the National Fire Protection Association.The NEC is approved as an American national standard by the American National Standards Institute (ANSI). It is formally identified as ANSI/NFPA 70. First published in 1897, the NEC is updated and published every three years.ork on the NEC is sponsored by the National Fire Protection Association. The NEC is approved as an American national standard by the American National Standards Institute (ANSI). It is formally identified as ANSI/NFPA 70. First published in 1897, the NEC is updated and published every three years.