Office space grading explained
You might come across a couple of difference office space grades but what do they mean?
When looking for a new office space to move to you’ll be faced with a number of different office grades. This can be daunting if you are not aware how these grades apply to the building and how they differentiate the various levels of work space. Essentially, there are three categories that most offices fall into: Grade A, Grade B and Grade C office space.
Many different factors come into play when distinguishing office space, from leases to office maintenance or age and location of the property. Grade A is the most sought-after and usually comprises of a new or recent development in a key business location, such as London. The systems and furnishings included are state of the art and the fit-outs are stylish and to a very high standard. The asking price for rent is usually high and reflects the quality and location of the offices.
Grade B space is cheaper to rent than Grade A and the fixtures and fittings will be to a lower standard. However, many Grade B offices can be well-maintained and facilities can still be excellent. Construction and design is not to the same high standards and they can often be former Grade A buildings which are past their sell by date.
Grade C office space, as can be expected, is usually located in an older building where standards aren’t as rigorously maintained. This sort of space can present a bargain to companies who aren’t reliant on a strong office image, although it is often located out of town.
