Cleveland, Ohio, is a prime location for investing in Office Properties For Sale, with 45 available listings. As a hub for healthcare, manufacturing, financial services, and higher education, Cleveland offers a diverse economy that supports a wide range of businesses. Office Properties in Cleveland can represent a variety of investments, from Class A high-rise buildings to smaller, more intimate settings. With amenities like the Cleveland Clinic, University Hospitals, and MetroHealth, as well as cultural institutions like the Cleveland Museum of Art and the Rock and Roll Hall of Fame, Cleveland is an attractive location for businesses and employees alike. The city's infrastructure, including Cleveland Hopkins International Airport, Burke Lakefront Airport, and the Port of Cleveland, makes it an ideal location for companies that need to transport goods or people. Additionally, Cleveland's educational institutions, such as Case Western Reserve University and Cleveland State University, provide a talented workforce and opportunities for collaboration.
Cleveland's Office Properties For Sale offer a range of opportunities for investors, with an average price per square foot of $86 USD and an average size of 62,512 square feet. The largest available Office Property in Cleveland spans 1,072,296 square feet, providing ample space for businesses of all sizes. In addition to Office Properties, Cleveland also offers a range of other commercial properties, including Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels. The city's Commercial Real Estate market is driven by its strong healthcare and education sectors, while Apartment Buildings are in high demand due to the city's growing population. Shopping Centers in Cleveland benefit from the city's tourist attractions, such as the Rock and Roll Hall of Fame, and Hotels in the area cater to visitors and business travelers alike. With its diverse economy and range of commercial properties, Cleveland is an attractive location for investors and businesses looking to establish a presence in the region.
What is the average price per square foot for office properties in Cleveland?
The average price per square foot for office properties in Cleveland is $86 USD per square foot, with 45 available listings ranging in size from 62,512 square feet to 1,072,296 square feet, offering a diverse range of options for investors and businesses.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Cleveland, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, located in decent areas, and are suitable for a wide range of tenants, providing a balance between quality and affordability.
- Class C office properties are often older buildings with limited amenities, located in less desirable areas, and may require renovation or upgrading, making them more affordable but also presenting potential risks and challenges.
