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his is the lowest grade for useable office buildings. These office buildings are gene- rally older and may be located on less desi- rable streets in older sections of the city, for example. Many of these buildings usually have higher than average vacancy rates for their market. Older, less desirable architec- ture, limited infrastructure and antiquated technology define these buildings. For these reasons, Class C buildings offer lower ren- tal rates and can be more difficult to lease. Many times these buildings are targeted for re-development. The curtain walls and the mechanical, electrical and safety and secu- rity systems of Class C building are generally dated, and the quality of finish is often below average. These buildings attract tenants who sign short-term leases for functional space at below average rental rates.
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