Class A Office Buildings
Office buildings are classified into 3 categories: Class A, Class B, and Class C. These distinctions are based on age, location, amenities, aesthetics and general infrastructure. A building’s overall quality, price, and average tenant rental rate is determined by its class based on the market area.
7 Things That Make a Building Class-A
1. Class A is given to the highest quality buildings in the market area. These structures are typically brand new, less than 10 years old, or have been properly renovated and are virtually indistinguishable from new properties.
2. Class A buildings are highly sought after because they are constructed in prime, highly visible locations such as business districts or heavily populated and trafficked area. They are almost always maintained by a professional property management organization.
3. Class A buildings are also the most aesthetically pleasing. The grounds are professionally landscaped with walkways, trees, and beautiful flora. Glass fronts and large open foyers with fountains or tables with flowers are common. Greeting kiosks are set up with cutting-edge technology like touchscreen navigation and large screen TVs displaying current events or stock.
4. Class A floors are enhanced using marble, granite, or similar stonework and the walling is superior to simple painted drywall by being crafted with wainscoting and crown molding. The common areas are meticulously maintained and look brand new.
5. Class A buildings are constructed using the best material possible and in line with current architectural designs. These buildings are seldom one-story, so entry space in common area will often boast high vaulted ceilings.
6. Class A buildings are often equipped with top-of-the-line amenities such as a café, restaurant, or fitness center or are attached to a shopping plaza providing tenants and visitors with greater activities compared to other building classes.
7. Class A buildings dazzle all who walk through the doors, exuding professionalism and success. They attract the highest quality tenants and charge the highest market rate or above market rate depending on demand.