Not used as a residence, generally referring to a building or property used for business or other commercial purposes.(adjective)
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Use "nonresidential" in a sentence
"I look for two types of spillovers from fluctuations in real estate prices to banking performance: direct spillovers, where default rates are affected for loans that are secured by those properties, and indirect spillovers, where default rates are affected for loans that are not backed by residential real estate properties, such as nonresidential real estate loans or consumer loans."
"Spending by businesses on "nonresidential" investment, including commercial construction and equipment and software fell at an annualized rate of 36.9 percent in the first quarter."
"Real nonresidential fixed investment increased 2.9 percent in the fourth quarter, in contrast to a decrease of 5.9 percent in the third."