Which of the following is NOT a characteristic of class C commercial properties?

Class C commercial properties are generally considered to be lower in quality compared to Class A and Class B properties. One of the defining characteristics of Class C properties is that they are typically located in less desirable areas, which can lead to higher vacancies and tenant turnover. This contrasts with Class A properties, which are often situated in prime locations and attract higher-caliber tenants, such as established businesses looking for high visibility and modern amenities.

Moreover, Class C properties usually require more maintenance compared to their Class A counterparts because they often feature older infrastructure and may not have undergone significant renovations. This can result in higher operational costs for owners over time.

In terms of enterprise costs, Class C properties often have lower operating expenses, which can make them attractive to certain investors. However, they do not draw premium tenants, as such tenants typically seek out Class A properties for their superior facilities and locations. Thus, the statement about attracting premium tenants is accurate in distinguishing Class C properties from others in the commercial real estate classification.