Single Family Residential (SFR): Single-family residential means a structure maintained and used as a single dwelling unit.
Condo: A type of ownership of single units or possibly multiple units in a multi-unit structure, combined with joint ownership of commonly used property (land areas, recreational facilities, garages, parking areas, sidewalks, hallways, stairs, lobbies, etc.).
Duplex: A residential structure that consists of two separate, self-contained family units or apartments with separate entrances.
Triplex: A residential structure that consists of three separate, self-contained family units or apartments with separate entrances.
Fourplex: A residential structure that consists of four separate, self-contained family units or apartments with separate entrances.
Multifamily: Structure(s) containing five or more dwelling units that may also include common areas and facilities, e.g., entrances, lobby, elevators or stairs, mechanical spaces, walks, grounds, recreational facilities, and parking both covered and open.
Other / Special Purpose: Other or a Special Purpose property refers to property that is appropriate for one type of use or limited use. This type of property has a unique design or layout, uses special construction materials, or other features that limit the property’s utility for purposes other than the one for which it was built. It can be a building with limited uses and marketability, such as a church, theater, school, or public utility.
Mixed-Use: Buildings that incorporate multiple uses within a single structure. The range of uses may include two or more of the following: office, hotel, retail (a major retail center, not just an office building with first-floor retail space), residential and recreational/cultural.
Office: Property designed to be used principally as a place of business, ranging from major multi-tenant buildings to single tenant buildings built to a tenant’s specific needs.
Industrial / Warehouse: Property used for light or heavy manufacturing, research and development (R&D), or warehouse space.
Hospitality: This type of property includes all types of lodging facilities including hotels and motels. Hotels are facilities that offer lodging accommodations and a wide range of other services, e.g., restaurants, casinos, convention facilities, meeting rooms, recreational facilities, and commercial shops.
Retail: Property types range from shopping centers with a gross leasable area greater than one million sq. ft. to small stores with single tenants.