Class A office buildings are typically the newest, most modern, and most desirable buildings in a given area. They are usually well-located, have plenty of on-site parking, and feature the latest amenities. They are often occupied by larger, more established businesses and command the highest prices in the area.
Class B office buildings are often slightly older (usually between 10-20 years old), have fair to good visual appeal, are somewhat well located, have a fair amount of on-site parking, functional HVAC systems, and decent quality management. Many Class B buildings are four stories or less, but they can vary greatly in size. In many cases, Class B buildings can often be returned to Class A with renovations. Class B buildings are often occupied by mid-market clients, such as a smaller, local businesses. These buildings occupy the medium price range for the area.
Class C office buildings are typically the oldest, least desirable buildings in a given area. They are usually poorly located, have limited on-site parking, and feature outdated amenities. They are often occupied by smaller, less established businesses and command the lowest prices in the area.