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Class B Office Outperforms Commodity Class A in Some Markets

Office quality matters most in CBDs, while suburban markets prioritize value.

By Kristen Smithberg | November 20, 2024 at 06:00 AM

While trophy office assets continue to outperform, Class B office space is showing resilience when compared with commodity Class A office properties in some cases.

Prior to the pandemic, Class A and Class B availability rates were nearly identical. However, a gap between the two has widened considerably as Class A office has underperformed, according to Newmark’s Q3 national office market overview.

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