The lowest classification of office building and space is Class C.
These are older buildings and are located in less desirable areas and are often in need of extensive renovation.
Architecturally, these buildings are the least desirable, and building infrastructure and technology is outdated.
What is a Class C property?
Class C properties are typically more than 20 years old and located in less than desirable locations. These properties are generally in need of renovation, such as updating the building infrastructure to bring it up-to-date.
What is a Class A building?
Class A. Class A buildings are coveted, highly sought spaces of significant size, usually in a central location. In a central business district, this could mean 250,000 square feet or more of office space; in a suburban location or smaller metropolitan area, a 50,000 square foot building might qualify.
What are the different building classes?
In commercial real estate, office buildings are typically placed in one of three categories: class A, class B, or class C. Each category delineates a different level of price, quality, and amenities. However, since real estate quality varies greatly from place to place, A, B, and C classifications are subjective.25 Jun 2018