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Commercial property includes office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farm land, warehouses, and garages. In many U.S. states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
Class B or 3-star building: Rents between Class A and Class C; fair-to-good locations; average upkeep and management; Class C or 2-star building: Rents in the bottom 10-20% of the local market; less-desirable locations; below-average upkeep and management
A commercial area is real estate intended for use by for-profit businesses, such as office complexes, shopping malls, service stations, bars and restaurants. It may be purchased outright by a developer for future projects or leased through a real estate broker. This type of property falls somewhere between residential and industrial property.
Commercial real estate has been turned upside down and it is far from recovered. Just last month, the National Association of Realtors reported a high vacancy rate of 13.3% .
Residential area in Helena, Montana, United States Suburban slum in Bhutan Residential area typical for suburbs in central Poland. A residential area is a land used in which housing predominates, as opposed to industrial and commercial areas. [1] [2] Housing may vary significantly between, and through, residential areas.
Residential (Group R) - places providing accommodations for overnight stay (excluding Institutional). Examples: houses, apartment buildings, hotels, and motels. Storage (Group S) - places where items are stored (unless considered High-Hazard). Examples: warehouses and parking garages. Utility and Miscellaneous (Group U) - others.
A planned unit development (PUD) is a type of flexible, non-Euclidean zoning device that redefines the land uses allowed within a stated land area. PUDs consist of unitary site plans that promote the creation of open spaces, mixed-use housing and land uses, environmental preservation and sustainability, and development flexibility. [1]
Mixed use is a type of urban development, urban design, urban planning and/or a zoning classification that blends multiple uses, such as residential, commercial, cultural, institutional, or entertainment, into one space, where those functions are to some degree physically and functionally integrated, and that provides pedestrian connections.