Regional shopping center: enclosed space 400,000–800,000 sqft 1–5 anchor stores with other tenants that sell a large variety of goods.Super-regional shopping center: enclosed space 800,000+ sqft 5+ anchor stores with other tenants that sell a very large variety of goods.Non-freestanding (also known as shopping malls).Retail buildings are categorized by their configuration and size
1-star building: Does not meet the needs of typical tenants may be obsolete and/or in need of significant renovation.Class C or 2-star building: Rents in the bottom 10-20% of the local market less-desirable locations below-average upkeep and management.Class B or 3-star building: Rents between Class A and Class C fair-to-good locations average upkeep and management.Class A or 4-star building: Rents in the top 30-40% of the local market well-located above-average upkeep and management usually older than a trophy/5-star building.Trophy or 5-star building: A landmark property designed by a recognized architect.High-rise (more than 25 stories), including skyscrapers (over 40 stories).Office buildings are generally categorized by size and by quality ( e.g., "a low-rise Class A building") High-rise apartments/condos: 9+ stories, 100+ units, professionally managed Ĭommercial buildings, generally, are buildings used by businesses to sell their products to consumers.Mid-rise apartments/condos: 5–9 stories, 30–110 units, with elevators.Garden or walk-up apartments: 1–5 stories, 50–400 units, no elevators.Further information: Multi-family residential, Apartment, and Condominium
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