Mixed-use
A property or project that combines more than one use, often retail on the ground floor with apartments or offices above. Zoning must allow the combination, and financing can be more complex.
Also called: mixed use, mixed-use development, live-work
Related terms
Local rules that control how land can be used, such as residential, commercial or mixed use, plus limits on density, height and setbacks. Zoning affects what you can build or rent.
Property used to sell goods or services to the public, from single storefronts to shopping centers. Visibility, traffic and co-tenants drive value, and leases are often net with CAM charges.
Property used for professional and administrative work, from small suites to high-rise towers. It is graded by class, leased by rentable square foot, and often uses full service gross leases.
A building with two or more separate housing units. Properties with two to four units can use residential loans; five or more are usually financed as commercial.
Property used for business or to produce income, such as offices, retail, industrial buildings and larger apartment complexes. It is usually valued on its income and financed with commercial loans.