Real Estate Glossary

Building Classifications

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Glossaries

Term Main definition
Building Classifications

Class "A"-- Building has excellent location and access to attract the highest quality tenants. Building must be of superior construction and finish, relatively new or competitive with new buildings, and providing professional on-site management. Class "B" -- Building with good location, management, construction land tenancy. Can compete at low end of Class A. Class "C"-- Generally an older building with growing functional land/or economic obsolescence. Class "D"-- An older building in need of extensive renovation as a result of functional obsolescence or deterioration.

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