Tenant Representation

Commercial Real Estate Building Classifications Part II

Building Classifications Part II: Explained BOMA’s CRE Building Classifications BOMA’s metropolitan base lists three Commercial Real Estate Building Classifications. In order to compare properties across international markets, landlords and property investors typically use a separate international base. However, the metropolitan base is used within a single office market. It is what our clients, strictly tenants, …

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Commercial Real Estate Building Classification Part I

CRE Building Classification Standards When looking for new locations, tenants may come across buildings touted as “Class A”. Landlords also advertise properties as having “Class A finishes.” To an inexperienced buyer or renter, the meaning of this class distinction is a mystery. “Class A” sounds like a good grade. It’s better than a “Class D” …

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Common Area Maintenance (CAM) in all its mystery

Common Area Maintenance (CAM) in all its mystery. First, let’s start with trying to define the common area. What is Common Area Maintenance? Common Areas can be lobbies, hallways, elevators, bathrooms, sidewalks, parking lots, landscaping, rooftop decks, shared amenities, and so on. These areas within a building enhance the feel or usefulness of a space. …

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