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In general, office buildings are classified into three categories. Keep in mind that a Class A building in one neighborhood may not be a Class A building in another — office buildings are always viewed within the context of the local market.
These buildings are the newest and highest-quality options available in the current market. They look the best and have up-to-date infrastructure. Located in great locations with easy access, they’re professionally managed and attract the highest quality tenants and command the highest rents.
Class B buildings still have solid infrastructure, management, and tenants despite being older than Class A buildings. They’re a common choice for investors because they can be restored to Class A glory with renovations.
Located in less-desirable areas and in need of extensive renovation due to age, Class C buildings have outdated infrastructure and the lowest rental rates. They’re often targeted as re-development projects.
There’s a lot to know about office buildings, and we can’t wait for our insights to empower you. Let us transform your journey and put you on the path to successful returns. Schedule your free consultation today.