Office Properties in Frederick, Maryland, offer a unique investment opportunity for those looking to capitalize on the city's strategic location and growing economy. With its rich history and diverse population, Frederick has become a hub for businesses, organizations, and institutions, making it an attractive location for office properties. Office properties in Frederick can represent a range of investments, from single-story buildings to multi-story complexes, and can be used for various purposes, such as corporate offices, medical facilities, or educational institutions. The city's amenities, infrastructure, and location make it an ideal place to invest in an office property. For instance, Frederick is home to the National Cancer Institute's Frederick National Laboratory for Cancer Research and Charles River Labs, and its downtown area features a mix of retail, dining, and technology businesses. The city's proximity to Washington, D.C. and Baltimore also makes it an attractive location for businesses and organizations. Additionally, Frederick's education institutions, such as Frederick Community College and Hood College, provide a skilled workforce, making it an excellent location for businesses to thrive. The city's attractions, such as the Carroll Creek Park and the Community Bridge mural, also make it a great place for business and travel.
Frederick's office properties are situated in a city with a diverse economy, featuring a mix of biomedical research, retail, dining, technology, and office spaces. The city is home to over 600 organizations, employing nearly 5,000 individuals, and its downtown area is characterized by a mix of retail, dining, and technology businesses. In addition to office properties, Frederick also offers other types of commercial real estate, such as commercial buildings, apartment buildings, shopping centers, and hotels. For example, the city's commercial buildings can be found in the downtown area, while apartment buildings are scattered throughout the city. Shopping centers, such as the Francis Scott Key Mall, offer a range of retail and dining options, and hotels, such as the Hilton Garden Inn, provide accommodations for business travelers and tourists. With its diverse economy and range of commercial real estate options, Frederick is an attractive location for businesses and investors. Currently, there are 12 office properties available for sale in Frederick, with an average price per square foot of $235 USD and an average size of 10,618 square feet. The largest office property available for sale is 72,192 square feet, and the average cap rate is 6%. Overall, Frederick's office properties offer a unique investment opportunity for those looking to capitalize on the city's growing economy and strategic location.
What is the average price per square foot for office properties in Frederick?
The average price per square foot for office properties in Frederick is $235 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Frederick, it's essential to understand the classification system, which categorizes properties based on factors like age, condition, and amenities, to ensure you find the right fit for your business needs.
- Class A office properties are typically modern, high-rise buildings with top-notch amenities, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties are older, yet still well-maintained, with functional amenities and a more affordable price point, appealing to a broader range of tenants.
- Class C office properties are often older, with limited amenities and in need of renovation, typically offering the most affordable option for tenants and investors.
