Office Condominiums

An office condominium is a type of office property. A type of ownership of single units or possibly multiple units in a multi-unit structure, combine with joint ownership of commonly used property (land areas, recreational facilities, garages, parking areas, sidewalks, hallways, stairs, lobbies, etc.). Any property type can be built or converted to this ownership arrangement. In most cases, individual unit owners hold title to the interior walls of their property. They also are member of condominium associations, which collectively owns the exterior walls of the structure, as well as the ground the structure sits on. Typically, each unit owner has to pay a regular fee to the association which is then used to maintain common areas, pay common utility bills, maintain landscaping, remove trash, etc. We have team of dedicated commercial real estate appraisers focused on the various office property types such as office condominiums. Please contact us for any office appraisal services.