Grade A, B and C office space explained
Office space properties are often placed into one of three classifications – Grade A, Grade B, and Grade C, which refer to the quality and standard of the building.
Although there is no clear definition of what a property must achieve in order to fit into these categories, officebroker.com has come up with a general description of these grades, as follows:
Grade A office space… Prime offices based in prestigious locations, often newly constructed or redeveloped, and boasting top-spec facilities, materials and office fit-out. Typically demands high rents and attracts high-profile companies such as banks, law firms and investment companies.
Grade B office space… Sometimes ex-Grade A offices which have aged, or properties in less prestigious areas. Typically attracts a wide range of businesses and demands average or below-average rents.
Grade C office space… Older properties which have adequate facilities, in suburbs or low-cost, out of town areas. Maintained to an average standard and usually demands cheaper rents than Grade B offices.
Take a look at our article online to find out more:
If you have any information or examples you wish to add, please leave a comment to share your views.
In the meantime, if you’re seeking office space in the UK or you’re looking for an office abroad, contact our team of experts for free help and advice, or start searching online at officebroker.com.