This term is used in the commercial real estate world, primarily as it applies to office / tenant space. Buildings are described in terms of Class A, B, and C. Just as in the educational grading system in the USA, a “C” is adequate, a “B” is a little better, and an “A” is the best. As you can imagine, Class A buildings have a higher level of detail, a higher grade of finishes, cost more to construct, and cost more to lease as a tenant. And, as you can imagine, they are usually more fun to work on from a design standpoint. See below for more description:
- Class C: Buildings that compete for tenants requiring functional space at rents below the average for the area.
- Class B: Buildings that compete for a wide range of users with rents in the average range for the area. Building finishes are fair to good for the area and systems are adequate, but the building does not compete with Class A at the same price.
- Class A: Most prestigious buildings that compete for premier office users with rents above average for the area. Buildings have high quality standard finishes, state of the art systems, exceptional accessibility and a definite market presence.
See also: building standard