Livermore, California, offers a unique opportunity for investors to capitalize on the city's growing demand for office space. With a strong presence of scientific research and national security institutions, such as Lawrence Livermore National Laboratory and Sandia National Laboratories, the city is an attractive location for businesses and entrepreneurs. Office properties in Livermore can represent a range of investments, from single-tenant buildings to multi-tenant complexes, offering flexibility for investors to diversify their portfolios. The city's Mediterranean climate, scenic views, and proximity to the San Francisco Bay Area make it an ideal location for businesses and employees alike. Additionally, Livermore's downtown area is undergoing redevelopment, with new amenities and attractions emerging, such as the Bankhead Theatre and the Livermore Cinemas. The city's strong economy, excellent schools, and high quality of life make it an excellent choice for businesses and investors.
Currently, there are 6 office properties for sale in Livermore, offering a range of options for investors. The average price per square foot is $551 USD, with an average size of 3,126 square feet. The largest property available is 7,000 square feet. In addition to office properties, Livermore also offers a range of other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. For example, the city's commercial real estate market includes properties like the Livermore Civic Center, which offers a mix of office and retail space. Apartment buildings, such as those found in the downtown area, offer investors the opportunity to capitalize on the city's growing rental market. Shopping centers, like the Livermore Premium Outlets, provide a range of retail options for consumers. Hotels, such as the Hilton Garden Inn Livermore, cater to the city's growing tourism industry. Overall, Livermore's diverse range of commercial real estate options makes it an attractive location for investors and businesses alike.
What is the average price per square foot for office properties in Livermore?
The average price per square foot for office properties in Livermore is $551 USD per square foot, with an average size of 3,126 square feet and a largest size of 7,000 square feet, among the 6 available listings.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Livermore, 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 spaces with standard 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 usually older buildings with limited amenities, located in less desirable areas, and may require renovation, making them more affordable but also presenting potential risks and challenges.
