Place attachment is an emotion that people experience in connection to a specific place and it is needed to maintain a sustainable neighborhood community. The emotion is affected by various factors, such as experience, function, environment, and satisfaction. This study focuses on commercial structures, which are one feature that characterizes the physical environments of neighborhoods. The aim of this study is to determine the effects of commercial activities in different commercial environments on social bonding and place attachment in residents. Two sites were selected for analysis due to their different commercial environments, and path analysis was used to examine the relationships among factors. The results indicate that commercial activities, which can vary according to commercial type, had both direct effects and indirect effects through social bonding between residents on place attachment. These results suggest that the commercial environment is an important element affecting the community and place attachment of residents in neighborhoods.