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Office Tips

Office buildings range from small, owner-occupied properties to multi-building office parks. Office suites may also be an important portion of "mixed-use" developments, both in new construction or historic rehabilitation properties. Consider carefully what type space would be most suitable to your business. If you make a mistake, you could end up paying too much for a lot of years.

Consider what "class" of office property is most appropriate for you.

  • Class A Property:
  • Class B Property:
  • Class C Property:
  • Class D Property:
Class A Property:

Building has excellent location and access to attract the highest quality tenants. Building must be superior construction and finish, relatively new or competitive with new buildings, and providing professional on-site management.

 

Class B Property:

Building, with good location, management, and construction land tenancy. Can compete with low end of Class A.

 

Class C Property:

Generally an older building with growing functional land or economic obsolescence. Typically, a higher price per square foot will be paid for "Class A" property than "Class C".

 

Class D Property:

Older building in need of extensive renovation as a result of functional obsolescence or deterioraton. Use our handy Office Property Checklist to help you evaluate office space.

 

 

 
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