Property Resource
Indicates the high-level category of the commercial property (e.g., Hospitality, Land, Retail).10/11/2024| Standard Value | Definition | Usage |
|---|---|---|
| Hospitality | Commercial hospitality properties typically offer full or limited lodging or vacation facilities for customers. | — |
| Industrial | Commercial industrial properties are typically used for production, storage and distribution of goods. | — |
| Land | Commercial land properties are sections or plots of land to be used for business activities and/or development purposes. | — |
| Multi Family | Commercial multifamily properties are typically residential housing buildings containing five or more individual units. | — |
| Office | Commercial office properties are typically buildings used for business activities such as professional, technology and health services. | — |
| Retail | Commercial retail properties are typically involved in selling consumer goods and services. | — |
| Special Purpose | Commercial properties that are typically built for a specific, special-purpose use. | — |