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High-rise vs Mid-rise

Discussion in 'Urgent - Help Needed' started by Jason Snider, Oct 19, 2006.

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  1. Jason Snider

    Jason Snider Sophomore Member

    0
    Jul 21, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    What is the technical difference that makes a condo project a high-rise vs a mid-rise. Or in other words how many floors classifies a condo project a high-rise? My subject has 12 stories.
     
  2. Chris Colston

    Chris Colston Elite Member

    0
    Jul 24, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
    I don't believe there is any set directive. I usually use 8 floors as a the determining factor. Anything 8 floors or less I call a mid-rise, anything over 8 floors I call a high rise. Your mileage may vary, but it really has to do with fire protection. On this side of the state the county has height restrictions, mostly because we don't have the fire equipment to go higher than 65 feet (6 floors).
     
  3. Jason Snider

    Jason Snider Sophomore Member

    0
    Jul 21, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
  4. James Sturm

    James Sturm Member

    7
    Jan 4, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    Arizona
    I would think it would depend where the building is located. For instance, a 8-15 story building in Downtown Chicago is considered a mid-rise. Where if a 15 story was located in the suburbs with heights averaging from 3-6 stories, an 8-15 story building would be considered a high-rise.
     
  5. Brian Weaver

    Brian Weaver Senior Member

    1
    Apr 16, 2005
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Illinois
    Lowrise is 1 to 3 stories
    Midrise is 4 to 9
    Highrise is 10+.

    That's it.
     
  6. Sheikh Yerbouti

    Sheikh Yerbouti Senior Member

    0
    Jan 15, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arizona
    I believe CoStar sez anything 9 stories or more is high-rise. And we know how reliable they are!
     
  7. Jungle Boy

    Jungle Boy Senior Member

    0
    Oct 30, 2002
    Professional Status:
    Real Estate Agent or Broker
    State:
    Florida
    I did one in a 15 story building this week, and called it a mid-rise.
    As I was sending it of to the client, I thought about changing it to high-rise, but didn't get around to it.
     
  8. Richard Carlsen

    Richard Carlsen Elite Member

    0
    Jan 15, 2002
    Professional Status:
    Licensed Appraiser
    State:
    Michigan
    YUPPER definition:

    Mid Rise Building: Body falling off of the roof tends to bounce a little.

    High Rise Building: Body falling off of the roof hits with enough speed and force that there is no bounce (just a loud "Whummpf" sound). Body parts are sometimes known to come undone.
     
  9. Brian Weaver

    Brian Weaver Senior Member

    1
    Apr 16, 2005
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Illinois
    I like Richard's definition.

    Yeah, yeah I know...the Realtors say that a low rise is up to 7 stories and a midrise is 7-25...yada yada...and NAIOP says....and BOMA says....

    In short; who cares?
     
  10. Jason Snider

    Jason Snider Sophomore Member

    0
    Jul 21, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    Florida
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