An Office Space is generally a room or other area where an organization’s employees perform administrative work in order to support and realize the objects and goals of the organization. The property can for sales and rental.
Retail Space applies to facility space used to conduct the retail sale of consumer product goods. The gross floor area should include all supporting functions such as kitchens and break rooms used by staff, storage areas, administrative areas, elevators, stairwells, etc
Industrial Space is a place where a business can manufacture, fabricate, assemble, have employees, conduct meetings, so on and so forth. Industrial space is property that a business occupies all to themselves and operate out of. So, a combo of office and warehouse space.
Residential space means a private living area, but it does not include common areas such as lobbies, lounges, waiting areas, elevators, stairwells, and restrooms that are a structural part of a multicomplex.
A New Launch is included in the measure if a deposit was paid for the purchase of that home or commercial, or if a contract to purchase the property was signed within or following the year of its construction.
Property consists of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this an item of real property, buildings or housing in general.