Pensacola office buildings and Metropolitan Base ClassificationsAugust 26, 2015
ParsCo Construction is often approached about constructing an office building or a tenant build-out space. One of the distinguishing factors that dictates pricing and overall design is the Metropolitan Base Factors of what the space is intended to be, where it is located, and how/who will utilize. For those unfamiliar with real estate and these classes here are the three major classifications:
METROPOLITAN BASE DEFINITIONS
Most prestigious buildings competing for premier office users with rents above average for the area. Buildings have high quality standard finishes, state of the art systems, exceptional accessibility and a definite market presence.
Buildings competing for a wide range of users with rents in the average range for the area. Building finishes are fair to good for the area. Building finishes are fair to good for the area and systems are adequate, but the building does not compete with Class A at the same price.
Buildings competing for tenants requiring functional space at rents below the average for the area.
ParsCo’s team of experienced project managers and designers assist clients, developers, real estate investors, and prospective tenants in determining the proper real estate classification, return on investment for dollars spent, design, and construction costs during the pre-construction phase. After this is completed, ParsCo can make the project a reality by completing construction of the office building to suit the needs of our client.
Contact ParsCo construction at 850-696-7656 or email us at firstname.lastname@example.org for more information.
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