Property Types Defined

*The list below provides general information about property types but is not a comprehensive list. Individual property uses are subject to other guidelines as described by city or county zoning entities.

Industrial: Industrial properties are used for manufacturing, warehousing or distributing. They are broken down into two sections: 1) Warehouse space (whse) which is the least expensive and 2) Office (off) space which is the most expensive and usually the smallest portion of the unit. See below for a description of subtypes:

 

• Flex: A building that can be used as Industrial space (generally as light manufacturing or incubator space) or as Office Space. Typically only grade level doors are available and clear heights are approximately 10' - 14'.

• Manufacturing: This type of building is used to manufacture product. They typically have clear heights in the range of 13' - 18'. They may or may not have dock high doors but usually have grade level doors.

• Incubator: This type of building is the smallest of the group and is typically used by startup industrial companies. They typically have grade level doors but no dock high doors and clear heights are 10' - 12'.

• Warehouse/Distribution: These buildings are the largest of the group and are used for warehousing and distributing products. Clear heights range from 20' - 24'. The building usually has docks doors, grade level doors, and may be rail served which means they have access to railways.

• Cross Dock: Buildings are used as a distribution transfer center and are characterized by a long narrow building with several dock high doors. Several trucks will line the building as packages are transferred to and from each truck.

Office: Office buildings are used for business operations like accounting, insurance, services, etc. Office buildings are further categorized by quality and size.

 

• Class A: The highest quality building in the market. It is either new construction or well-located in a central business districts or both. They draw the highest rent.

• Class B: Class B office buildings are generally older than Class A buildings provide fewer amenities which lowers the range of asking rents.

• Class C: The lowest quality building in the market and lowest range of asking rents. These buildings are several years old and may be in need of improvements.

• High Rise: High rise office buildings are those with 5 stories or more. High-rises are only found in Downtown Boise.

• Mid Rise: Mid rise office building have 3 - 4 stories and are the most common in the marketplace.

• Low Rise: Low rise buildings have 1 - 2 stories.

Retail: Retail properties are defined as shops that sell goods.

  • Enclosed Mall: The shops are located inside the building and accessed through the building's interior courtyards and hallways.

• Multi-Tenant Anchored (MT Anchored): These centers have several different shops or tenants and are anchored by one large, national tenant such as a grocery store.

• Multi-Tenant UnAnchored (MT UnAnchored): These centers have several shops and no anchor.

• Single Tenant: Single tenant buildings are small, single tenant shops like gas stations or stand-alone restaurants.

• Single Tenant Big Box: These shops are large, single tenant buildings and generally house large national retailers like a Wal-Mart or Fred Meyer