Multifamily density
With respect to units/acre, is there a general rule of thumb as to what qualifies as low vs medium vs high density?
With respect to units/acre, is there a general rule of thumb as to what qualifies as low vs medium vs high density?
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Completely depends on location. Read the zoning ordinances and find what variances have been recently allowed.
Not necessarily talking about in zoning terms. I'm talking more in the context of pitching a deal, like what you would find in a broker's OM describing an apartment deal. Same way you would describe an office property as low, mid, or high rise, it's not a legal definition, but there is a general rule of thumb depending on # of floors. Similar with density, if a property had 20 units per acre, where would it fall categorically?
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