Lawrence, Kansas, is an attractive destination for investors seeking to capitalize on the city's strong economy and growing demand for office spaces. With 3 office properties for sale, Lawrence offers a diverse range of investment opportunities. Office properties in Lawrence can represent a variety of investments, from single-story buildings to multi-tenant complexes, each with its unique characteristics and potential for returns. The city's strategic location, approximately 25 miles east of Topeka and 35 miles west of Kansas City, makes it an ideal hub for businesses seeking to establish a presence in the region. Lawrence's infrastructure, including its transportation network, utilities, and healthcare services, supports a strong business environment. The city is home to the University of Kansas, which drives innovation and entrepreneurship, and its downtown area is known for its arts and cultural scene, featuring attractions like the Lied Center of Kansas and Liberty Hall.
Lawrence's office properties for sale in the city offer investors a chance to tap into the local economy, which is driven by major industries such as healthcare, utilities, and education. The city's office market is characterized by a mix of old and new buildings, with average prices per square foot at $104 USD and average sizes ranging from 6,354 square feet to 8,000 square feet. In addition to office properties, Lawrence also offers a range of other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. For instance, the city's commercial buildings offer opportunities for retail and restaurant spaces, while its apartment buildings cater to the growing demand for housing. Shopping centers in Lawrence provide a platform for businesses to reach a large customer base, and hotels in the city serve the needs of visitors and travelers. Overall, Lawrence's office properties for sale present a compelling investment opportunity for those seeking to capitalize on the city's growth and development.
What is the average price per square foot for office properties in Lawrence?
The average price per square foot for office properties in Lawrence is $104 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Lawrence, Kansas, 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 top-tier tenants and commanding higher rental rates.
- Class B office properties offer a balance between quality and affordability, with standard finishes and amenities, and are often located in decent areas, appealing to a broader range of tenants.
- Class C office properties are usually older, less renovated buildings with basic amenities, and are often located in less desirable areas, typically attracting smaller businesses or startups.
