How do you determine a Class of a building? The choices are A, B, or C.

Putting A Ad on Loopnet, It is a Building. It asks for the Class of the Building, What does A, B, C Stand for?
In Selling Property - Asked by Dennis L. - Oct 7, 2010
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Answer(s)

Donald J.
Broker/Agent
Winter Park, FL

Dennis, you should read up on the definitions as addressed by "BOMA" Building Managers and Owners Association International. The accepted class ratings for buildings are usually associated with their standards. The class "A" building is one that easily demands higher rental rates due to its exceptional standards, i.e., state of the art infrastructuring, dominant presence in the community and high quality standard finishes. Class "B" would of course be held to a lesser standard and same for Class "C" to both the class "A" and "B" properties. Use the link I provided to get their exact definitions. An added note, if you do not know this information you should be consulting with an experienced commercial agent to learn more. Also, immediately begin taking commercial based classes to become educated in this field. As real estate professionals we are obligated to only perform acts that we have enough expertise in to best serve the client. If you are a Realtor then you would violate the Code Of Ethics by taking a job you didn't have the proper experience to perform.

Oct 7, 2010
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Frank N.
Broker/Agent
Avondale, AZ
Premium Subscriber

Dennis:
Determining the class of a building is somewhat subjective. While I do agree with Donald that BOMA standards is a good place to start, they are by no means definative. BOMA in their own definations do not recommend publishing a classification for a specific property:
"BOMA International does not recommend the publishing of a classification rating for individual properties. "
The key is in knowing your specific market - how does your listing stack up against other buildings within the market. Some markets have many new buildings - less than 10 years old with all the whistles and bells that demand the higest rent - obviously Class "A", however in such a market the sheer number of class A properties available drag up the requirements for a building to make it into a "B" class. On the other hand, in older markets where few office buildings have been build within the past few years that have all the high-tech, energy efficient ammenities with modern architecture, standards for a class "B" building are are necessarily forced downward.
I know you are looking for a much simplier answer, and I wish I could give it to you. Compare appearance, age, quality of maintenance, features and ammenities of the properties within your market and you should be able to get a pretty good idea of where your listing fits.
Hope this helps

Oct 7, 2010
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Dale O.
Owner/Investor
Spanaway, WA

Class A = a new building to under 4 years of age.
Class B = A building that is 8-14 years old.
Class C = Buildings that are 15 years or older.

Oct 7, 2010
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anthony c.
Broker/Agent
Fort Lee, NJ

Hi
i can give you this info
call anthony 201-832-2087

Oct 8, 2010
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Bruce S.
Appraiser
Buena Park, CA

In addition to the answers given, building class also refers to construction type. Briefly, Class A: Structural steel frame with high fire resistant rating; floors and roof of reinforced concrete; exterior walls may be steel/glass panels, masonry or concrete. Class B: reinforced concrete frame with support columns and beams of precast or reinforced concrete. Class C: masonry or reinforced concrete walls, including tilt ups which may be load bearing; floor may be slab; non-bearing wall structure would have concrete, steel or wood columns, arches or trusses. This is a very basic description.

Oct 9, 2010
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Joshua L.
Broker/Agent
Frankfort, IL
Premium Subscriber

Dennis, Class of a building depends on many factors. I did see that Dale O. noted that the age of a building determines the class, this is one factor, but this is not the only factor. You can still have a Class A building that is 8+ years old. For instance, if you had a brand new building, built with the most economical, low quality product, this would most likely be a Class C or lower building space for lease or sale, but if you had a 10 year old building that was made out of high quality finishes that require low maintenance & the buildding itself is well maintained, it can still be considered a Class A space for lease or sale. In short, determining Class depends on quality of products used throughout (interior and exterior), upkeep of building, its visual presence, its main entry/lobby, its location and how it rates to other buildings in the area. Class C in one area, could be Class B in another area.
The attached website is ours, which shows office buildings of Class A, B & C.

Oct 11, 2010
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JOSEPH H.
Owner/Investor
Sicklerville, NJ

AMERICA NOTE'S ,GET CASH NOW!!SELL YOUR REAL ESTATE NOTES,

Nov 13, 2010
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