Properties are classified into three distinct categories according to their location and construction, as outlined by the Building Owners and Managers Association BOMA, a U.S. and Canada-based professional organization for CRE professionals founded in 1907. Class A: These properties are the finest quality and are optimally located. They are built to the highest building standards and come equipped with first-class finishes and cutting-edge technology. Class A properties fetch the highest rent. Class B: These properties lack the premium finishes and locations that are commonplace with Class A properties. However, Class B properties are usually built with adequate finishes and can be the right middle ground between the more expensive Class A properties and the more industrial-oriented Class C buildings. Class C: These properties typically come with lower quality finishes than Class A and B spaces, and may be in less accessible locations, but they could be just right for tenants that need a lower rent in a specific area or don’t require curb appeal.