Unlike residential real estate, Florida’s commercial real estate market includes properties you may purchase or invest in to generate income. Office buildings are part of the commercial real estate market, but office buildings come in several different classifications that give you some insight into their amenities, location and more.
According to Bankrate, commercial office state typically comes in one of three categories: Class A, Class B or Class C office space. Understanding how they differ may give you some insight into where it might make the most sense to invest your money.
Class A office spaces
Contemporary office buildings in high-demand locations may fall under the “Class A” umbrella. These structures are often relatively new and full of modern accouterments that make them highly desirable to investors.
Class B office spaces
Class B office spaces may be a step down from Class A properties in terms of aesthetics, amenities and location. While they may prove less modern than top-of-the-line properties, most of them are still in decent shape.
Class C office spaces
Class C office spaces may be somewhat less desirable to tenants because of their locations, finishes or other factors. Often, these buildings exist outside of high-traffic areas, making it more of a challenge for workers to get there. However, if budget is a major factor for you, you may find that Class C office space is often the most affordable of the three main office space types.
Once you have a sense of what type of office space you might like to get, you may then want to consider if you want to make a direct or indirect investment in the property.