What type of real estate is primarily used for retail, wholesale, or industrial purposes?

The type of real estate that is primarily used for retail, wholesale, or industrial purposes is commercial real estate. This category encompasses properties that are specifically designed for business activities, which includes shopping centers, office buildings, warehouses, and manufacturing facilities. Commercial real estate is vital for economic activity, as it provides the necessary space for businesses to operate and serve consumers.

In contrast, residential real estate pertains to properties used for living purposes, such as houses and apartments, and is not designed for business operations. Recreational real estate includes properties or land used for leisure activities, like parks or campgrounds, which do not serve the primary function of business. Raw land refers to undeveloped property that may be suited for future construction or agricultural use but does not yet serve a definable commercial purpose. Thus, commercial real estate stands out as the correct choice due to its specific connection to businesses and economic endeavors.