Make a reservation

12/19/16

Class A offices are available in buildings "of the future"

 

 

What does office class A mean? Of course, it is a high quality workplace. But what makes it different? The general rules are given by BOMA - The Building Owners and Managers Association.

BOMA is founded in 1907. Essentially, it is a federation of 91 U.S. associations and 18 international affiliates. Among the members are building owners, managers, developers, leasing professionals, corporate facility managers, asset managers, and the providers of the products and services needed to operate commercial properties.

BOMA's mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge.​​ The Federation is the main source of information on building management and operations, development, leasing, building operating costs, energy consumption patterns, local and national building codes, legislation, occupancy statistics, technological developments and other industry trends.  Besides commercial real estate, BOMA has its own methods for measuring mixed-use properties and multi-unit residential buildings (http://www.boma.org).

The organization relies on two different systems of classification of office space. They reflect different features of the building the office is in, which are emblematic for its quality and relevance, as well as the types of clients it attracts. This includes the location and accessibility of the building, rent, finishing materials and design, system standards and efficiency, building amenities, parking, elevators, building management and additional services available on site. To be qualified as a class A office, the building it is in, has to offer various amenities - restaurant(s), fitness center and others that are close available to the offices employees. Of importance is too the proximity to a park and shops.

Here are the classifications of BOMA:

1. Metropolitan base definitions - it is for use within an office space market.

The highest type of office according to this classification is A - located in a prestigious building with rents above average. High quality finishing, equipment, advanced systems, convenient and accessible location, remarkably noticeable market presence.

The lower class offices type B follow - average rents and acceptable to good level of finishing of the building; adequate systems in the building;

Third type of offices according to BOMA are those class C - functional workspace at acceptable and good prices, below the average for the area.

2. International base definitions - it is for use primarily by investors among many metropolitan markets.

The investment quality properties are the first level in this classification. Design, quality of construction, location, solidity of the tenants, excellent management. Such properties stand out not only among the others in the country they are located in, but also on the international market. Investment quality properties have exceptional mechanical, electrical, elevator, communication systems. Finishing works at a very high level and the tenants are offered an exclusive group of additional services.

Institutional grade properties follow. Impressive size buildings, local and international investors, acceptable design and construction. Usually not so impressive design and secondary area location. Stable base of tenants.

Speculative properties - popular design decision without exclusive materials and construction methods. Functionality over aesthetics. They are usually large and have numerous tenants.

Burgas already has its class A offices. They are located in Côte d'Azur Residence - an exclusive building, including on BOMA's standards. The investment value of the project is unquestionable, sustainable, extremely high - on all classifications. Invest wisely. From elevators "Otis" to marble and paintings in the common areas plus a concierge service, everything here is style, class, well thought out functional comfort, complemented by luxury.

Make a reservation