Classes of Office Buildings
It can be very confusing trying to explain each of the classes of office buildings because they do not have a clear-cut definition. The people in the industry are more or less left to label these buildings – there is no government stamp. There is no government or any other official body overlooking the process to say, ‘Yes, this is a Class A building because it has this feature.’ I will explain it to you in a nutshell.
A Class A building usually refers to newer, larger buildings. If a building is brand new, but it is small and does not have any amenities, it is not considered to be a Class A building. As a general rule of thumb, Class A buildings are over 50,000 square feet and built within the last 10 years. Granted, some buildings are considered to be Class A because they are kept to such a high standard; they have high-end finishes, they are expensive and luxurious.
On the other hand, Class B buildings usually refer to the more average-type office buildings, whether newly built or 20 years o