Southwest: The Terrace, home to Drilling Info, Broadcom, Bowman and Brooke, and MedSpringīecause Class A space is the nicest space, it also commands the highest rents.Northwest: 7700 Parmer, prominent tenants include eBay, Paypal, Google, EA, Fico, and Oracle.
Some examples of Class A office buildings in Austin’s primary submarkets include: These buildings are also typically conveniently located, either in the epicenter of central business districts or along major streets, highways, or transit centers.ĭowntown skyscrapers and prominent office campuses are typically Class A properties. The building’s common areas will have high-quality finishes and amenities such as covered parking, fitness centers, leisure areas (putting greens, pool rooms, spa center), an on-site mailing office, restaurants, or cafeterias. While there aren’t any all-encompassing rules to these classifications, they are typically based on quality factors such as building age, amenities, and aesthetics.Ĭlass A space is comprised of the nicest space in the market.Ĭlass A buildings are generally either new developments or properties that have had significant improvements and renovations in recent years. Office properties are typically divided into three main categories, Class A, Class B, and Class C. This can impact the area in which your office is located, the age of the building, what kind of amenities the building offers, and, essentially, the class of building you can consider. When beginning the search for your office space, one of the first things you must decide is how much money you have to spend on real estate. Read Next: Shell Space, 2nd Generation & Spec Suites: Real Estate Definitions & Benefits of Each Classifications of Office Space Types of office space, including Traditional Office, Creative Office, C o-working Space, Executive Suites, and Flex Space.
Classifications of office buildings, including Class A, Class B, and Class C.Luckily, there are industry standard classifications, which allow you to compare properties on an apples-to-apples basis.īelow you will find definitions and overviews of: The different types of office properties and styles of office spaces can be difficult to compare and understand if you’re new to commercial real estate. We at AQUILA know that when beginning to look for office space, it can be hard to know exactly what you’re looking for.
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