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 | Friday May 6th, 2022
Climate Change – Strategy, Urgency & Hope
Last summer British Columbia experienced 270 wildfires, and 300 people were killed in severe flooding in Henan, China, after 201.9 millimetres of rain fell in one hour. At the same...
Posted by Natalie Rekai | Friday May 6th, 2022
Cross PEI Off Your Bucket List
From the moment we announced Charlottetown would host BOMEX 2022, the response has been, "I've always wanted to go to PEI." This is your chance to enjoy all the benefits...
Posted by Natalie Rekai | Friday May 6th, 2022
Can Indoor Environmental Quality Help Mitigate Risks?
List of Core Recommendations for Reducing Airborne Infectious Aerosol Exposure