Office Buildings

Office spaces include all office buildings with workspaces that are available for rent for different businesses to operate out of. Office space has several subtypes. It is often characterized as class A, class B, or class C:

• Class A represents the best buildings in terms of aesthetics, age, quality of infrastructure, and location.
• Class B buildings are usually older and not as competitive—price-wise—as class A buildings. Investors often target these buildings for restoration.
• Class C buildings are the oldest, usually more than 20 years of age, located in less attractive areas, and in need of maintenance.