Dictionary of Real Estate Terms: urban property
urban property
real estate located in an urban area, generally characterized by relatively high- density development and extensive availability of city water and sewer services.
Example: Typical development of 3 types of property is shown in Table 56.
| TABLE 56 | ||
| URBAN PROPERTY | ||
| Urban | Suburban | Rural |
| High-rise office | Office parks | Farms |
| High-rise apartment | Industrial parks | Low-density housing |
| Department stores | Shopping centers | Recreational lands |
| Public buildings | Garden apartments | Summer camps |
| Moderate density | Low-density | |
| single-family housing | housing |
