With its flexible properties, luxury vinyl plank (LVP) can cater to a diverse range of residential and commercial customers. The product has a fiberglass-reinforced structure and delivers dimensional stability that yields high traffic tolerance. As a glue-down product, contractors and property management firms prefer it for use in multi-family complexes due to its durability and easy repairability, as a single plank can be lifted and replaced if damaged. Its ability to withstand heavy rolling loads, such as wheelchairs and tenants moving in and out, makes it an ideal flooring option for such complexes. Additionally, it is suitable for use in light commercial settings like strip malls and single-family homes. LVP can easily be made to replicate the look and feel of hardwood flooring at half the cost. You may also hear the term LVT. This stands for luxury vinyl tile—the same product.