16 April 2018

 

Sorts spaces by age, location, quality of services offered, lease length, price, and other factors. The BOMA (Building Owners and Managers Association) has developed a classification of office spaces into three categories: Class A, Class B, and Class C.

Class A office space

This designation is for the most prestigious buildings with high quality standards and equipment, and very good accessibility. These buildings have heating and cooling systems with sufficient capacity and enough air exchange, fiber optic cables, high speed elevators, underground parking, or 24-hour access. Tenants are willing to pay above-average rents for them.

Class A office spaces are most often located in prestigious locations of large cities; in Prague, for example, in the areas of the centre (Prague 1), Karlín (Prague 8) or Pankrác (Prague 4). These buildings are often selected by banks, law firms, investment companies and other institutions for which the representativeness of their headquarters is important.

Class B office space

Class B spaces are one level lower than category A due to location, equipment and services, but still provide a very good standard. In category B, they are real estate located in the suburbs; in Prague, for example, Prosek or Modřany, or real estate offering only smaller spaces. This category also includes older Class A office spaces that no longer correspond to the current technical trends. Their advantage is a more favourable rent.

Class C office space

The lowest category is sought by tenants who prefer lower rents (often below average in terms of a particular area), and also accept a lower standard. The buildings are usually 15 to 25 years old, often lacking air conditioning. They are located, for example, in industrial parts of cities.

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