Industrial Property

Industrial Property means:
property used for industrial purposes, which is subject to one of the longest depreciable lives in the tax law (straight-line depreciation over 39 years). Types of industrial property include factory-office multiuse property, factory-warehouse multiuse property, heavy manufacturing buildings, industrial parks, light manufacturing buildings, and research and development parks.

See also other Tax Terms and Definitions in U.S.A.

commercial property.

See Depreciation in the United States Encyclopedia of Law and Depreciation in the World Encyclopedia of Law.