The two most important determinants of the classification of an office property are age and obsolescence. Which of the following classes includes office buildings that are older and reasonably maintained, but are below current standards for one or more reasons?
A) Class A office
B) Class B office
C) Class C office
D) Investment grade property

Question

Quizplus · Accepted Answer

Class C office buildings are older and reasonably maintained but do not meet current standards for one or more reasons, such as outdated design, technology, or amenities. Class A buildings are newer and the most prestigious, while Class B buildings are older but still meet modern standards. Investment grade property refers to properties with a high credit rating, indicating a low risk of default on loans or bonds backed by the property.

The Two Most Important Determinants of the Classification of an Office