How would a 15-year-old building be classified?

A 15-year-old building can be classified as either Class A or Class B due to the varying criteria that define each classification. Class A buildings are generally considered top-tier assets that are well-located, have high-quality construction, and include modern amenities. However, a building's classification is not solely determined by its age.

Provided the building has been well-maintained and updated with contemporary facilities, it may still qualify as Class A. On the other hand, if the building has not been properly maintained or has outdated features, it could be classified as Class B. Class B buildings typically offer a more basic level of service and may lack the premium finishes found in Class A properties.

Thus, the classification can vary based on factors such as condition, location, and the quality of construction, making it possible for a 15-year-old building to fit into either category. This flexibility in classification underscores the importance of considering a building's overall condition and market perception rather than simply its age.