Adley-Week 4 Reply to Clack
Given my classmates chose to answer the question pursuant to multi-family and office buildings--or maybe both--as opposed to industrial, it should be noted that multi-family developers generally only build Class A and B, with C and D properties reflecting a down-graded or later life-cycle condition. Office buildings are categorized within only three classes (A, B and C), and generally built to Class A with lesser classes again reflecting a later life stage. Moreover, properties can be upgraded in class through renovation and maintenance. Equally, according to Golden (2013) “a Class A building in one neighborhood may not be a Class A building in another”.
The supply of Class A multi-family and office properties