According to BOMA, what tier is assigned to prestigious buildings with above-average rents?

According to BOMA, what tier is assigned to prestigious buildings with above-average rents?

• A. Class B
• B. Class C
• C. Class A
• D. Class D

Answer: (C)

The designation of Class A buildings, according to the Building Owners and Managers Association (BOMA), reflects a category of prestigious buildings that command above-average rents. These structures are typically characterized by prime locations, high-quality construction, modern amenities, and exceptional management. They often represent the pinnacle of office space and other commercial properties in the market. Class A buildings are sought after for their desirability by businesses, often being in areas that are accessible, attractive, and conducive to success. The recognition of a building as Class A establishes a higher status in the commercial real estate hierarchy, corresponding with higher rental prices due to their quality and demand. In contrast, Class B and Class C buildings do not possess the same levels of prestige or rent, making Class A distinct in the context of commercial property classifications.

The designation of Class A buildings, according to the Building Owners and Managers Association (BOMA), reflects a category of prestigious buildings that command above-average rents. These structures are typically characterized by prime locations, high-quality construction, modern amenities, and exceptional management. They often represent the pinnacle of office space and other commercial properties in the market.

Class A buildings are sought after for their desirability by businesses, often being in areas that are accessible, attractive, and conducive to success. The recognition of a building as Class A establishes a higher status in the commercial real estate hierarchy, corresponding with higher rental prices due to their quality and demand. In contrast, Class B and Class C buildings do not possess the same levels of prestige or rent, making Class A distinct in the context of commercial property classifications.