Columbia, Missouri, is a prime location for investing in office properties, offering a unique blend of education, healthcare, and cultural opportunities. With a strong focus on education, the city is home to the University of Missouri, Stephens College, and Columbia College, making it an attractive destination for businesses and professionals alike. Office properties in Columbia represent a diverse range of investments, from Class A buildings to smaller, more boutique spaces, catering to various business needs and budgets. The city's infrastructure, including Columbia Transit, Columbia Regional Airport, and the Columbia Terminal Railroad, provides easy access to and from the city, making it an ideal location for businesses. Additionally, Columbia's amenities, such as top-notch healthcare facilities, cultural events, and outdoor recreational opportunities, create a desirable environment for employees and clients alike.
With 5 office properties for sale in Columbia, investors have a wide range of options to choose from. The city's office market is characterized by an average price per square foot of $203 USD, with an average size of 7,032 square feet and a largest size of 12,600 square feet. The average cap rate for office properties in Columbia is 8.56%. In addition to office properties, Columbia also offers a range of other commercial real estate options, including commercial real estate, apartment buildings, shopping centers, and hotels. The city's commercial real estate market is driven by its strong healthcare sector, with major employers like BJC Healthcare and the University of Missouri Health Care system. Apartment buildings in Columbia cater to the city's large student population, while shopping centers like the Columbia Mall provide retail opportunities. Hotels in Columbia, such as the Tiger Hotel, serve visitors and business travelers alike. Overall, Columbia's diverse economy and attractive quality of life make it an excellent location for investing in office properties and other commercial real estate.
What is the average price per square foot for office properties in Columbia?
The average price per square foot for office properties in Columbia is $203 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Columbia, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-quality finishes, often attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, decent locations, and average finishes, appealing to a broader range of tenants and providing a balance between quality and affordability.
- Class C office properties are often older buildings with limited amenities, less desirable locations, and basic finishes, typically attracting smaller businesses or startups with limited budgets.
