With more than one million square feet of space, Key Center is a towering structure in the middle of the commercial sector of Cleveland, Ohio. This remarkable space, along with several others, brings a unique touch to this incredibly developed metropolitan location. The center, completed in 1991, includes a hotel, along with other local services. It contains more than four hundred hotel units, as well as an office tower spanning a total of twenty-five stories. This notable Cleveland office space is home to KeyBank, which provides regional financial holding services. Its commanding presence provides a spectacular view of both downtown and Lake Erie.
The building has been LEED Gold certified as well as being named Outstanding Building of the Year twice in a row. It is a Class-A structure, which means that it has the latest technology, impressive design, the best amenities and is located in a prime commercial location. Class A structures consist of high quality building materials as well as the most advanced building tactics. These highly visible spaces are often professionally managed, easily accessible, and located in busy metropolitan or suburban areas.
Cleveland is a class ‘A’ support environment for premier office properties
A building can be downgraded to a ‘B’ or ‘C’ rating as time goes on. Owners of these structures have to undergo several renovations to maintain this status. Class B buildings are a bit older, but can still get quality tenants and offer reliable management. Investors are targeting these structures to buy refurbishment as a way to bring them back up to ‘A’ status. Office spaces are not moved to C-Class until they are typically over twenty years old. They have less desirable locations often in an older district with limited infrastructure opportunities.
Several factors affect a building’s rating, including HVAC systems, accessibility, common areas, parking, general location, amenities, and structural design. Key Center, among other commercial structures in Cleveland, remains in Class A status due to the amenities provided by the surrounding area.
Cleveland, Ohio is a business hub thanks to the canals and railroads that run through it. What was once seen strictly as a large manufacturing location has now expanded into other avenues such as the financial industry. Cleveland is home to the Rock & Roll Hall of Fame, Playhouse Square Center, several performing arts venues, and has been the setting for major motion pictures. It contains a wide variety of culture when it comes to both the arts and fine cuisine.
The area is also a tourist hub due to several attractions, such as countless professional sports teams. This location has become the setting for a multitude of large companies, including Sherwin-Williams and NASA. Available transportation increases profits for businesses moving to the area, as well as creating classes in the region. Commercial airlines, cargo carriers, shipping ports, and railroads all contribute to daily business operations. With so many surrounding perks, it’s no wonder why buildings like the Key Center rank higher in status. These same great features draw even more residents to the place with each passing year.