Lower-tier office space — older, deferred maintenance, often functionally obsolete.
Asset class · Global
Lower-tier office space — older, deferred maintenance, often functionally obsolete.
Class C buildings are typically older with significant deferred capex and dated systems. Often candidates for repositioning or change of use (residential conversion). The widening Class A/Class C spread is a defining feature of post-2020 office markets.
Class C is part of the asset class vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.