What is a Class B Building?

What is a Class B Building?

These buildings are a grade below Class A. Generally, they are slightly older buildings with good management and quality tenants. It is not uncommon for value-added investors to target these buildings with the intention of renovating them back into Class A buildings. Class B buildings are well maintained overall and quite functional. Class B office buildings commonly have an acceptable curtain wall finish, adequate (but not state of the art) mechanical, electrical and safety and security systems, and a mid-quality level of interior finish. Class B buildings compete for a wide range of users at average rental rates for their market area.

Criteria

  • A grade below Class A.
  • Slightly older buildings– Good management, quality tenants.
  • Building finishes– Fair to good.
  • Good quality systems – Not at Class A level.
  • Can be targeted by investors planning renovations to restore them to Class A.
  • Well maintained – Functional.
  • Average rental rates.

Related Blogs

Posted by Natalie Rekai | Monday January 23rd, 2023
BOMA Canada, BOMA International Join Forces to Launch New Certification Program in U.S.
BOMA Canada, BOMA International Join Forces to Launch New Certification Program in U.S. (SCOTTSDALE, Ariz.—January 21, 2023) The Building Owners and Managers Association (BOMA) International and BOMA Canada signed a...
Posted by Natalie Rekai | Tuesday December 20th, 2022
BOMA 360
New for the 2023 awards cycle, all TOBY Award entrants at the National and International levels require BOMA 360 designation.
Posted by Natalie Rekai | Tuesday December 20th, 2022
2022 Yearbook
We’ve put together some of the highlights in our annual yearbook. Enjoy!