Office Properties in Hampton, Virginia, offer a unique investment opportunity for those looking to capitalize on the city's rich history, diverse economy, and strategic location. As a hub for business, industry, and education, Hampton presents an attractive environment for office properties, with a range of benefits that make them an attractive investment option. Office properties in Hampton can represent a variety of investments, from Class A office spaces to medical offices, and even government buildings. With its strong presence of institutions like Hampton University and Langley Air Force Base, the city offers a stable and growing economy, making it an ideal location for office properties. Additionally, Hampton's infrastructure, including the Hampton Roads Bridge-Tunnel and the Monitor-Merrimac Memorial Bridge-Tunnel, provides easy access to neighboring cities and counties, making it an attractive location for businesses. The city's amenities, such as Sentara CarePlex Hospital and Riverside Regional Medical Center, also contribute to its appeal. With 4 office properties for sale in Hampton, investors have a range of options to choose from.
Hampton's office properties are part of a larger commercial real estate landscape that includes Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels. The city's Commercial Real Estate market is characterized by a mix of industrial and business parks, while its Apartment Buildings offer a range of options for residents. Shopping Centers in Hampton provide a convenient location for retailers, and Hotels in the city cater to the needs of tourists and business travelers. With its diverse economy and strategic location, Hampton presents a unique opportunity for investors to capitalize on the city's growth and development. Overall, Hampton's office properties offer a solid investment opportunity, with a range of benefits that make them an attractive choice for investors.
What is the average price per square foot for office properties in Hampton?
The average price per square foot for office properties in Hampton is $174 USD per square foot, with 4 available listings ranging in size from 4,283 square feet to 7,658 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 Hampton, 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 modern amenities, prime locations, and high-quality finishes, attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer functional space with average amenities, often 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 typically older buildings with fewer amenities, located in less desirable areas, and may require renovation, but can offer a more affordable option for tenants and investors.
