A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Occupied Space
Space that is occupied by a tenant, subtenant or owner. The total amount of occupied space is calculated by subtracting the amount of vacant space from the amount of inventory. If subtenant space is excluded from the calculation the term Direct Occupied.

Space is recommended. Disclosure of whether owner occupied buildings are included in any data statistic of occupied space is recommended. (Synonym: Total Occupied Space).
Office Building
A property providing environments conducive to the performance of management and administrative activities, accounting, marketing, information processing, consulting, human resources management, financial and insurance services, educational and medical services and other professional services.3 At least 75% of the interior space is designed and finished to accommodate office usage but the space may include other usage.
Office Building Types
Low-rise: fewer than seven stories above ground level.
Mid-rise: Between seven and 25 stories above ground level.
High-rise: Higher than 25 stories above ground level.4

Disclosure of the number of stories in the building is recommended.
Office Condo
Individual units for lease or sale in a multi-tenant low-rise office building, typically a flex type structure of two stories.
Office Park
A group of two or more properties that are contiguous (i.e., Real Capital Analytics counts the sale of ten buildings in the same park as one sale). (Synonym: office campus)
Office Percentage
The percentage of an industrial property that built out for office use. When a mezzanine office is built above space that would otherwise be an industrial work area, this square footage is not counted in the total footage of the building.
Owner Occupied Building
A building which is at least 90 percent occupied by its owner.