Commercial office space is used by businesses exclusively for administrative and management activities and can range from urban skyscrapers and high-rise properties to smaller buildings grouped in suburban office parks. Office space is often formatted based on the specific needs of a company and includes traditional office, creative office, co-working space, executive suites, and flex space. Properties can be leased by multiple tenants or occupied by one company.
There are three primary classifications of office space, which vary by the property’s age, location, accessibility, quality of infrastructure and amenities. A Coldwell Banker Commercial® affiliated professional can help you understand the pros and cons of each class for your specific business needs.
Often the most sought-after category, Class A commercial office space includes newer buildings with quality infrastructure, aesthetics, upkeep, and location. Popular features may include desirable amenities, upgraded fixtures, high-quality HVAC systems, and environmentally friendly features. Be accessible conveniently in high-traffic areas and near major roadways and airports. Properties with a reputable management company and history of quality long-term tenants make these an attractive investment opportunity.
Class B buildings may have less attractive locations or are older yet still well maintained. Because they often offer similar benefits as Class A properties – professional management companies, quality tenants and good access – Class B properties can be an appealing investment opportunity. With simple upgrades and repairs, these properties can increase in value and even move up to Class A.
Commercial office properties with less desirable locations, minimal amenities and a more dated appearance, Class C space requires more money and effort to attract tenants. While these properties typically are 20 years old or more, they may be an attractive option for investors seeking to rehab a large section of buildings or for smaller investors without the budget to invest in Class A or B. With property attention and maintenance, Class C properties can be upgraded to Class B but will unlikely ever reach Class A due to their location and age.
Your Trusted Guide
Whether your business needs to lease or sublease office space or acquire or sell an office building, Coldwell Banker Commercial affiliated professionals can develop a customized solution tailored to your specific goals. Our skilled CBC® affiliated professionals can serve as advisors to leverage their connections with colleagues in markets across the globe to provide you with innovative solutions to multi-market requirements. With a deep understanding of today’s complex corporate business climate, CBC affiliated professionals work with you to help you eliminate excess, trim expenses and drive value to your bottom line.
The Coldwell Banker Commercial network can assist with all your office real estate needs.
Acquisitions – Work with an experienced CBC affiliated professional to identify and invest in the right space for your business to excel.
Investment Services – Your CBC affiliated professional can assist with overseeing investments and help to minimize your capital operating expenses.
Dispositions – Your CBC affiliated professional can assist with overseeing investments and help to minimize your capital operating expenses.
Lease and Lease/Own Analysis – Our thorough professionals can support tenants and property owners for a smooth signing experience.
Market Surveys and Analysis – We can help you make the best choice before sale or optimize a property after sale.
Tenant Representation – Our experienced CBC affiliated professionals can help you to assess locations, assist you with determining what leasing terms may be best for your property type, costs relating to your business goals and more.
Investment Analysis – Our experienced CBC affiliated professionals can help you to assess locations, assist you with determining what leasing terms may be best for your property type, costs relating to your business goals and more.
Leasing Services –– Your CBC affiliated professional can help you with all aspects of leasing, from the initial discussions to growing your business you will have access to the support your business needs.
Property Management – Ask us about the comprehensive management support our clients rely on.