EarthWorks Geospatial Catalog

Massachusetts Class A Office Space Statistics

Description
This datalayer displays a polygon coverage of Massachusetts towns with associated data on Class A office space including size and availability. This dataset was originally prepared by the Whittier Partners Group and CB Richard Ellis (now called CB Richard Ellis-New England) which is the largest full-service commercial real estate services company in New England; the data was originally distributed by the Metropolitan Area Planning Council. It was published as part of the Massachusetts Electronic Atlas database in 2001. The Urban Land Institute, a noted authority on commercial land use, describes the classification of office space as follows in its Office Development Handbook. "Class A space can be characterized as buildings that have excellent location and access, attract high quality tenants, and are managed professionally. Building materials are high quality and rents are competitive with other new buildings. Class B buildings have good locations, management, and construction, and tenant standards are high. Buildings should have very little functional obsolescence and deterioration. Class C buildings are typically 15 to 25 years old but are maintaining steady occupancy. Tenants filter from Class B to Class A and from Class C to Class B. In a normal market, Class A rents are higher than Class B which are above Class C. This makes sense because Class A buildings offer higher quality to the tenants and cost more to provide." The Massachusetts Electronic Atlas (MEA) was a collaborative project to provides access, via the Internet, to data about the Commonwealth, its thirteen regional planning agency districts and 351 cities and towns. This dataset is now only available via The Harvard Geospatial Library. The Metropolitan Area Planning Council (MAPC) is a regional planning agency representing 101 cities and towns in the metropolitan Boston area. Created by an act of the Legislature in 1963, it serves as a forum for state and local officials to address issues of regional importance. As one of 14 members of the Metropolitan Planning Organization (MPO), MAPC has oversight responsibility for the region's federally funded transportation program Stretching west from Boston to include most of the communities inside the I-495 corridor, the MAPC planning area consists of 22 cities and 79 towns. Coastal communities, older industrial centers, rural towns, and modern cities are represented within the 1,422 square miles that comprise the MAPC region.
Place(s)
Massachusetts
Year
1995
Held by
Harvard
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