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New York Building Categories
Office spaces are classified as A, B or C based on a number of factors including the building’s age, location, functionality and the level of amenities offered. While there are no exact guidelines for determining a building’s classification, the following general descriptions apply.
Class A Office Space
The Class A building category encompasses the best offices available
in a location. Class A office space is fully updated and modernized,
offering the highest level of services and amenities. A Class A office
is located in the most in-demand area in a city, attracting upscale
tenants who can afford higher rents. Accordingly, Class A office buildings
tend to be architecturally significant and technologically advanced.
Class B Office Space
Class B buildings are of very good quality, located well and offer a
strong level of functionality. In comparison with Class A office space,
class B offices are usually older and slightly less up-to-date, with
fewer ultra-modern amenities. With renovation and technological investment,
a class B facility can be upgraded to Class A office.
Class C Office Space
The Class C building category designates office spaces more than 25
years old with no renovations. Generally, these buildings are located
in less desirable areas, offering few amenities and no-frills aesthetics.
Consequently, class C offices are the most affordable, catering to start-ups
and small businesses.
