Glossary Term Defined

Term used in real estate to describe a condition where there is no floor that may include physical access to the floor below, as a stair. An example may be a building where the second floor (or mezzanine) provides a view or access to the main lobby below. Absence of a floor where a floor might otherwise be expected to be located, that is typically in the plane as a floor. Examples would be a multi-story atria or lobbies, light wells, auditoria or the area adjacent to a mezzanine.