What does mid-market mean in real estate?

Mid-Market Real Estate Definition

In real estate, "mid-market" refers to properties or transactions that fall between the high-end, luxury segment and the lower-end, affordable segment of the market. This term can vary significantly depending on the geographical location and local market conditions but generally includes properties that are accessible to a broader range of investors and homebuyers than luxury properties. For commercial real estate, mid-market might refer to office buildings, retail spaces, or industrial properties that are not in prime locations but still offer good quality and investment potential. For residential real estate, it often denotes homes and apartments that are priced for the median range of buyers, offering a balance between affordability and desirable features. Mid-market properties are key to serving the needs of a significant portion of the market, providing opportunities for growth, investment, and homeownership to a wide audience.