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Unlocking Hidden Value in Class B/C Office Buildings (BOMA International)

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BOMA Office Building Classification Guide

Background:

The discussion on the need for clarification on office building classification originated within the BOMA Quebec Property Management Committee whose mission is to find new ways to improve BOMA’s service offer to its members.  In the Fall of 2012 a multidisciplinary working group composed of experts from various Quebec-based real estate firms was formed to study this issue in depth.  The main objective of this task force of real estate owners, brokers and appraisers was to come up with an office building classification framework that could eventually be published for the benefit of its local members.  The resulting Office Building Classification Guide was presented to the BOMA Canada Board of Directors for consideration.

BOMA Office Building Classification Guide Now Available!

What does a Class A Building mean? What are the differences between Class A, B and C buildings? When looking for new office space, a tenant will quickly realize most buildings are classified in one of those three categories. The factors that determine a building’s class vary in each market, so a Class A office building in a major urban city will be much different than a Class A office building in a small rural town of 30,000 people. There are no definitive formulas used to classify a building, but a general definition for each class is provided in the new BOMA Office Building Classification Guide.

BOMA Building Classification Guide (English)


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