An office is considered to be a physical location that is intended to be used for commercial or industrial purposes. Offices can come in a wide variety of shapes and sizes and they are able to accommodate from but a few employees up to thousands if the space is sufficient. In a more general sense, an office will have many of the same amenities as a residence. Proprietary supplies of water, heating and electricity will be adequately provided. However, an office will normally not contain areas such as a living room or a bedroom. In fact, in many parts of the world it is forbidden to house such rooms in a property that is intended for commercial use.
Although office space is one of the most valuable types of real estate, it is also one of the most vulnerable in times of economic hardship. One barometer of the health of a city or town is the occupancy rates of the offices which are contained within. A high number of vacancies is a signal that companies may not have the liquidity to rent out such locations. Thus, prices will frequently drop dramatically during a recession. Conversely, a bullish real estate market can see the rental costs for an office skyrocket significantly. Furthermore, landlords can make a great deal of money when renting or selling these locations out to larger corporations that require a great number of employees to be located within their confines. Most realtors will have a selection of office rentals alongside their residential advertisements.