Things To Know About Grade of Office Space

by huyho
October 20, 2020
Leasing Office Guide, Know-how
0

Page Contents

There are some tips for you to know about Office Space is Grade.

Office space grading explained

When looking for a new office space to move to you’ll be faced with a number of different office grades. This can be daunting if you are not aware of how these grades apply to the building and how they differentiate the various levels of workspace. Essentially, there are three categories that most offices fall into Grade A, Grade B, and Grade C office space.

Grade A

Grade A is the most sought-after and usually comprises of the new or recent development in a key business location. The systems and furnishings included are states of the art and the fit-outs are stylish and to a very high standard. The asking price for rent is usually high and reflects the quality and location of the offices.

Grade B

Grade B space is cheaper to rent than Grade A and the fixtures and fittings will be to a lower standard. However, many Grade B offices can be well-maintained and facilities can still be excellent. Construction and design are not to the same high standards and they can often be former Grade A buildings that are past their sell-by date.

Grade C

Grade C office space, as can be expected, is usually located in an older building where standards aren’t as rigorously maintained. This sort of space can present a bargain to companies who aren’t reliant on a strong office image, although it is often located out of town.

The Differences Between Grade A and Grade B Offices

Whether you’re looking to purchase or lease an office or simply rent a shared space, you will no doubt have come across the terms ‘Grade A’ or ‘Grade B’ at some point, but what exactly is a Grade A office, and what makes it stand out from a Grade B variant. So here are the differences between this.

Grade A

– The elite level of offices

About office facilities, we all want the best of the best, and that is precisely what Grade A offices offer you, in terms of the working environment, the look, and overall feel, they’re second to none.

Grade A offices are always located in central and or key locations throughout a city, and more often than not they are either a brand new development or undergone a significant refurbishment recently.

Grade A office spaces are frequently occupied or acquired by consumer-facing corporations such as law firms, and banking institutions and their impressive architecture and interiors leave an excellent impression on their clientele

Grade B

– Style at an affordable price

Grade B offices are a cost-effective office type for many developers and occupants. Grade B offices are often 30% cheaper than their Grade A equivalent, and fall into two categories:

The first is a Grade B office building that was downgraded from the Grade A category; the buildings downgrade in classification could be down to several factors including; wear & tear as well as market fluctuations.

The second type of Grade B listings is purpose-built Grade B office spaces that are purposefully created to offer functional office space for a more affordable price than the Grade A alternative.
While these buildings are usually as functional and well maintained as a Grade A office space, they lack certain aesthetic touches such as marble flooring, concierge services, etc.

Conclusion:

in Office Space, while Grade A offices offer you a stylish working environment with state-of-the-art facilities, and the guarantee of a central location, Grade B offices can still provide something to company’s who operate in a less public-facing industry, providing style at a more affordable price.

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