High-rise apartments are structures with three or more stories of multiple dwelling units. The structures are built of all construction classes. Each dwelling unit consists of its own separate living area and kitchen facility. Normally, structures over three stories have elevators, but this depends on the height of the building and the need for transportation to the upper levels. These structures have a lobby area, interior hall access to dwelling units and some type of stairway for fire exit. Although apartments built as condominiums sometimes are required by building and zoning codes to have certain items not required for rental units, basically, "condominium" is a type of ownership and not a type of construction and the apartment costs are valid.
The following are not included in the costs: Appliances, fireplaces, canopies, balconies, swimming pools, yard improvements and any developers' or soft costs related to a type of ownership such as condominium.
This occupancy includes both shell and tenant improvement costs. To price each separately (using two separate occupancies in two separate sections), use the following occupancies:
596 Shell, Apartment (High Rise)
989 Interior Space, Apartment (High Rise)
The following are related occupancies:
984 Apartment, Luxury (High Rise)
352 Multiple Residence (Low Rise)
459 Multiple Residential Units Mixed with Retail
451 Multiple Residence, Senior Citizen (Low Rise), for independent living
589 Multiple Residence, Assisted Living (Low Rise), for assisted living
330 Home for the Elderly, for high-rise assisted living
710 Multiple Residence, Retirement Community Complex
Availability of Elevators by Area for this occupancy: Yes
Marshall Valuation Service sections: 11 and 41.
Occupancy Availability: Commercial Estimator only.
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Class |
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Quality |
A |
B |
C |
D |
H |
M |
P |
S |
W |
Low |
55 |
55 |
50 |
45 |
-- |
50 |
-- |
45 |
-- |
Average |
55 |
55 |
50 |
45 |
-- |
50 |
-- |
45 |
-- |
Good |
60 |
60 |
55 |
50 |
-- |
55 |
-- |
50 |
-- |
Excellent |
60 |
60 |
55 |
50 |
-- |
55 |
-- |
50 |
-- |
Class A (Fireproof Structural Steel Frame):
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
Low |
Very plain, brick or block, or low-cost concrete panels |
Drywall, sprayed or painted ceilings, very plain, asphalt tile |
Minimum uniform code, one bath per unit |
Hot water |
Average |
Little trim, brick, block, metal or concrete and glass |
Drywall or plaster, average carpet and vinyl composition floors |
Few electric fixtures, average plumbing, one bath per unit |
Heat pump system |
Good |
Face brick, limestone, metal or concrete and glass panels |
Good interior detail, carpet, or hardwood, sheet vinyl or ceramic tile |
Many good fixtures, TV jacks, good baths and kitchens |
Warm and cool air (zoned) |
Excellent |
Best metal or stone, heat-absorbent or double glazing |
Fine interior detail, carpet, ceramic tile, some vinyl and fine hardwood |
Master antennas, fine fixtures, one full bath per bedroom |
Hot and chilled water (zoned) |
Class B (Reinforced Concrete Frame):
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
Low |
Very plain, brick or block or low-cost concrete panels |
Drywall, sprayed or painted ceilings, very plain, asphalt tile |
Minimum uniform code, one bath per unit |
Hot water |
Average |
Little trim, brick, block, metal or concrete and glass |
Drywall or plaster, vinyl composition tile and average carpet |
Few electric fixtures, average plumbing, one bath per unit |
Heat pump system |
Good |
Face brick, limestone, metal or concrete and glass panels |
Good interior detail, carpet or hardwood, sheet vinyl or ceramic tile |
Many good fixtures, TV jacks, good baths and kitchens |
Warm and cool air (zoned) |
Excellent |
Best metal or stone, heat-absorbent or double glazing |
Fine interior detail, carpet, ceramic tile, some vinyl and fine hardwood |
Master antennas, fine fixtures, one full bath per bedroom |
Hot and chilled water (zoned) |
Class C (Masonry Bearing Walls):
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
Low |
Very plain brick or block, minimum fenestration |
Drywall and painted masonry or plaster coat, asphalt tile, low-cost carpet |
Minimum uniform code, one bath per unit |
Individual thru-wall heat pumps |
Average |
Little ornamentation, brick or block, concrete panels |
Drywall or plaster, average carpet and vinyl composition |
Average fixtures, one bath per unit, average circuits |
Forced air |
Good |
Brick, metal or concrete and glass panels, some trim |
Drywall or plaster, good carpet or hardwood, vinyl composition, ceramic tile |
Good electric & plumbing, good baths and kitchens |
Heat pump system |
Excellent |
Stone, brick, metal and glass panels, individual design |
Fine interior detail, sheet vinyl, ceramic tile/carpet, paneling, fine hardwood |
Master antennas, fine fixtures, one full bath per bedroom |
Warm and cool air (zoned) |
Class D (Wood or Steel Framed Exterior Walls):
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
Low |
Low-cost siding or stucco |
Drywall, low-cost carpet, asphalt tile |
Minimum uniform code, one bath per unit |
Individual thru-wall heat pumps |
Average |
Frame and stucco or brick veneer, little trim, standard design |
Plaster or drywall, carpet or hardwood, vinyl composition tile |
Average fixtures and circuits, one bath per unit |
Forced air |
Good |
Good stucco, siding or brick veneer with ornamentation |
Good drywall or plaster, carpet, good vinyl composition tile or sheet |
Good fixtures, many outlets, over one bath per unit |
Heat pump system |
Excellent |
Best stucco, siding, face brick or stone veneer, brick and stone trim, individual design |
Good plaster, paneling/paper, vinyl, carpeting or hardwood |
TV and phone jacks, good fixtures, one bath per bedroom |
Warm and cool air (zoned) |
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
Average |
Mill-type construction, brick and block, wood trusses |
Drywall or plaster, average carpet and vinyl composition, softwood |
Average fixtures, one bath per unit, average circuits |
Hot water |
Good |
Mill-type construction, heavy brick walls, trusses, good sash |
Drywall or plaster, good carpet or hardwood, vinyl composition, ceramic tile |
Good electric & plumbing, good baths and kitchens |
Heat pump system |
Class S (Metal Frame and Walls):
Quality |
Exterior Walls |
Interior Finish |
Mechanicals |
HVAC |
Average |
Sandwich walls, fenestration to code, little trim |
Drywall, carpet and vinyl composition, average cabinetry and finish |
Average fixtures and circuits, one bath per unit |
Forced air |
Good |
Best insulated sandwich walls, good fenestration, good frame |
Drywall, carpet and vinyl composition, ceramic tile |
Good fixtures, many outlets, over one bath per unit |
Heat pump system |