Medford, Oregon, with its rich history and growing population of approximately 90,000, offers a unique opportunity for investors to capitalize on the city's office properties for sale. Office properties in Medford represent a diverse range of investments, from single-story buildings to multi-story complexes, catering to various businesses and industries. With its strategic location along major highways, including Interstate 5, and proximity to the Rogue Valley International-Medford Airport, Medford provides an ideal environment for businesses to thrive. The city's amenities, such as Bear Creek Park and Prescott Park, and its educational institutions, including Rogue Community College and Southern Oregon University, make it an attractive location for companies and employees alike. Additionally, Medford's climate, with warm summers and mild winters, and its scenic surroundings, including the Upper and Lower Table Rock lava formations, make it an appealing destination for businesses and travelers. The city is also home to notable companies, such as Asante Rogue Regional Medical Center, Lithia Motors, and Harry & David, further solidifying its reputation as a hub for commerce and industry.
With 5 office properties for sale in Medford, investors have a range of options to choose from. The average price per square foot for these properties is $173 USD, and the average size is 9,510 square feet, with the largest property spanning 15,514 square feet. In addition to office properties, Medford also offers a range of other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. For instance, commercial real estate in Medford offers a range of opportunities for businesses looking to establish a presence in the city. Apartment buildings in Medford provide a steady stream of rental income for investors. Shopping centers in Medford offer a mix of retail and dining options, catering to the city's growing population. Hotels in Medford, such as those near the Rogue Valley International-Medford Airport, cater to the city's tourism industry, providing accommodations for visitors and business travelers. Overall, Medford's diverse range of commercial properties makes it an attractive destination for investors and businesses looking to establish a presence in the region.
What is the average price per square foot for office properties in Medford?
The average price per square foot for office properties in Medford is $173 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Medford, 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 top-notch amenities, modern infrastructure, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional spaces with standard amenities, 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 often older buildings with limited amenities, located in less desirable areas, and may require renovation, but can offer affordable options for startups or small businesses.
