Office Buildings:

Office buildings are differentiated from retail buildings as they do not rely on outside foot traffic to be profitable.

Office buildings are buildings designed for general commercial occupancy and are normally subdivided into smaller units. Office use implies a general business use that does not include retail, manufacturing or warehouse type operations.



Retail:

Retail properties typically rely on foot traffic for their business and are usually in one of three classifications.

1. Anchor Tenant: A great example of this is a strip mall with a large, well known grocery store.
2. Single Tenant: This may consist of a large building that only houses a discount department store or a stand-alone building used for retail sales purposes (such as a furniture store, jewelry store etc).
3. A perfect example of this would be a strip mall that has several tenants, none of which rents significantly more space than another tenant.

Retail buildings are designed for retail sales and display and usually have display or decorative fronts. This retail classification encompasses a wide variety of uses including, but not limited to: markets, convenience stores, drugstores, department stores, big box retailers, barber shops, etc.