Quick Glossary of Commercial Real Estate Terms
March 22nd, 2021There are certain terms you need to be familiar with when renting commercial property in the United States. Here is a list of the most important key words, in alphabetical order.
All-Inclusive
All-inclusive space is available at a fixed fee and typically gives tenants access to equipped workstations, admin/reception support, and meeting rooms. Utilities, janitorial services, and security are usually included.
Class A/B/C
Office space is classified into three classes depending on quality standards and the amenities on offer.
Class A
Class A space is considered best-in-class and is usually located in new buildings that feature the highest standards of construction, design, and amenities. These offices are typically found in prime business locations.
Class B
Class B space offers a functional standard of accommodation to office-based businesses in need of well-maintained space at a reasonable price.