With more than a million square feet of space, Key Center is an imposing structure in the middle of the commercial sector of Cleveland, Ohio. This remarkable space, along with several others, provides a unique touch to this incredibly developed metropolitan location. The center, completed in 1991, includes a hotel, along with other local amenities. It contains more than four hundred hotel units, as well as an office tower that spans a total of 25 floors. This remarkable Cleveland office space is home to KeyBank, which provides regional financial portfolio services. Its commanding presence offers a spectacular view of both downtown and Lake Erie.
The building has received LEED Gold certification and has been named Outstanding Building of the Year twice in a row. It is a Class A structure, which means it has the latest technology, an impressive design, the best amenities, and is in a prime business location. Class A structures consist of high-quality building materials, as well as the most advanced construction tactics. These visible spaces are often staffed by professional administrators, easily accessible, and found in busy areas of metropolitan or extremely suburban regions.
Cleveland is a Class ‘A’ Supportive Environment for Prime Office Properties
A building can be downgraded to a ‘B’ or ‘C’ rating as time goes on. The owners of these structures must 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 for renewal purchase as a way to raise them back to ‘A’ status. Office spaces are not moved to Class C until they are normally in their twenties. They have less desirable locations often in an older district with limited infrastructure opportunities.
Several factors affect a building’s classification, including HVAC systems, accessibility, common areas, parking, general location, amenities, and structural design. Key Center, among other Cleveland business structures, remains in Class A status due to the amenities provided by the surrounding area.
Cleveland, Ohio is a commercial center thanks to the canals and railroads that run through the location. What was once strictly considered 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 establishments, 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 center due to various attractions such as countless professional sports teams. This location has become the scene of a multitude of large companies, including Sherwin-Williams and NASA. The available transportation increases the profits of the companies that move to the area, as well as the construction classes in the region. Commercial airlines, freight carriers, shipping ports, and railroads all contribute to day-to-day business operations. With so many surrounding perks, it’s no wonder why buildings like the Key Center rank higher. These same great features attract an even greater number of residents to the place as each year passes.