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Office Properties 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.
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. Return to Top Class "B": Property: Building, with good location, management, and construction land tenancy. Can compete with low end of Class A. Return to Top 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". Return to Top Class "D" Property: Older building in need of extensive renovation as a result of functional obsolescence or deterioration. Return to Top |
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