No, Boston residental condos are residential. Just like multifamily housing, Co ops or a single-family home. If you are living in a Boston condo them or renting a Boston condo where the tenants are living in them. than its considered residential.
There are commercial condos that provide a business and living space and those are commercial. Also, it is considered a commercial project if you are building them. A little confusing, but it is based upon use as how they are classified.
Residential condos are generally considered as residential project. These can generally not be considered as commercial real estate. However, there are certain real estate project building a luxurious residential property where there is a commercial organization and living place together.
The diision depends on the tax applicable on the particular project. Per month, the rent of these commercial properties is collected basis per square feet. But, a residential condo does not pay its rent like that. On the contrary, residential condos are typically taken on lease. So, residential condos cannot be considered as commercial.
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