Loft vs. Condo — What's the Difference?

A loft is generally characterized by its open floor plan, high ceilings, and industrial features like exposed brick and large windows. These spaces are often converted from previous industrial or commercial use, giving them a unique, rugged charm. On the other hand, a condo, short for condominium, is a unit in a residential building where the unit itself is owned by the resident. Condos often come with access to common amenities like gyms, pools, and gardens, but unlike lofts, they tend to have a more conventional residential design.

The ownership model in lofts and condos differs as well. In a condo, the owner holds the title to the individual unit and has a shared interest in the building's common areas. In contrast, a loft can either be rented or owned, and ownership terms depend on the specific type of loft.

While both lofts and condos are urban dwelling options, the loft offers a more artistic or "bohemian" living experience, often appealing to artists or those in creative professions. Condos generally cater to a broader demographic, offering various unit sizes and styles to suit different needs. The layout in a loft is generally more open, often lacking interior walls or divided rooms. A condo, conversely, usually has a more segmented, traditional floor plan that includes distinct rooms and spaces.