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Commercial condos refer to individual units within a larger commercial building that are owned by separate entities or individuals. These units are typically used for business purposes such as offices, retail spaces, or restaurants. Owners of commercial condos have control over the interior space of their unit, while common areas such as hallways and parking lots are shared among all owners in the building. Commercial condos offer businesses the opportunity to own their space rather than leasing, providing more stability and potential for long-term investment.