Investing In Florida Business Parks or Office Buildings.
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Florida Office, Business Parks, Class A, B, C, Investments. In the United States, Commercial real estate office buildings, parks are typically put into one of three property classes. Each "class" of properties has a letter grade. These grades are used to help investors and real estate brokers speak a common language so they can understand a property's characteristics and condition quickly
Class "A" Office Buildings. According to BOMA, Class A office buildings have the "most prestigious buildings competing for premier office users with rents above average for the area". BOMA states that Class A facilities have "high quality standard finishes, state of the art systems, exceptional accessibility and a definite market presence".
Class "B" Office Buildings. BOMA describes Class B office buildings as those that compete "for a wide range of users with rents in the average range for the area". BOMA states that Class B buildings have "adequate systems" and finishes that "are fair to good for the area", but that the buildings do not compete with Class A buildings for the same prices. .
Class "C" Office Buildings. According to BOMA Class C buildings are aimed towards "tenants requiring functional space at rents below the average for the area". The lack of specifics allows considerable room for "fudging" the boundaries of the categories.
Advantages, Investing In Business Parks, Office Parks. A business park or office park is an area of land in which many office buildings are grouped together. All of the work that goes on is commercial, not industrial nor residential. These are popular in many suburban locations, where development is cheaper because of the lower land costs and the lower building costs for building wider, not necessarily higher. Some businesses prefer the larger floor plates as more efficient, reducing time lost moving between floors. They are also often located near motorways or main roads.
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