| Market |
An aggregate of two or more office districts for the purposes of summing the inventory within a specified market. |
| Office District |
An aggregate of two or more office nodes for the purposes of summing the inventory in those nodes within a specified market. Most common divisions are Downtown, Midtown and Suburban. |
| Office Node |
A grouping of office buildings which are connected to each other mainly by geographic location, but often sharing common characteristics. |
| Office Building |
A form of commercial building which contains spaces mainly designed to be used for office functions (administration and managerial). |
| Office Space |
The area contained within a building that is currently being used as functional office space, excluding the common areas. |
| Office Class |
Classification of office buidings based on the characteristics of the building, tenants and location. |
| Class AA or AAA Office |
A subset of Class A buildings which are locally recognized as being the highest quality or dominant buildings in the market, therefore attracting higher rental rates. |
| Class A Office |
Office building with higher quality combination of design, material, tenant mix, management, maintenance, improvements, amenities, age, size and location. |
| Class B Office |
Office building with moderate quality combination of design, material, tenant mix, management, maintenance, improvements, amenities, age, size and location. |
| Class C Office |
Office building with lower quality combination of design, material, tenant mix, management, maintenance, improvements, amenities, age, size and location. |
| Class G Office |
Any office building that is fully owned and fully occupied by any level of government. |
