dining choices.
Every one of these retail spaces is completely dependent on parking and traffic. All retail tenants need a minimum number of available parking spaces related to their square foot ratio.
OUT PARCEL
As mentioned under power centers, these are set aside for fast food or banks. They are attached to most power centers but could be attached to any type of retail area. All of these retail options are meant to provide the most visibility to future clients or customers.
MULTIFAMILY
This group entails any residential real estate that is not a single- family home. They include townhouses, condos, and apartments. They can come in almost any shape and size and any location. They usually include swimming pools, outdoor patios, and fitness centers.
You can separate them into five separate groups:
• High-rise apartments — Buildings with nine or more floors and at least two elevators. They are usually found in large markets and are professionally managed, with 100 or more units. • Mid-rise apartments —These contain 30 to 110 units and are 5 to 9 storeys. They are often in urban locations and sometimes have an elevator. • Garden apartments —These are almost always located in suburban areas and are usually three to four storeys with 50 to 400 units, surface parking, and no elevators. 22
Powered by FlippingBook