Meaning of the word "commercial space" in English

What does "commercial space" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

commercial space

US /kəˈmɜːr.ʃəl speɪs/
UK /kəˈmɜː.ʃəl speɪs/
"commercial space" picture

Noun

1.

a building or area of land that is intended to be used for business activities, such as offices, shops, or warehouses

Example:
The company is looking for a new commercial space in the city center.
Renting commercial space can be very expensive in major capitals.
2.

the region beyond Earth's atmosphere that is used for profit-making activities, such as satellite launches or space tourism

Example:
The rise of private companies has transformed the commercial space industry.
SpaceX is a major player in commercial space exploration.