Norman, Oklahoma, is a prime location for investing in Office Properties, with 8 available listings offering a range of opportunities for businesses and entrepreneurs. Office Properties in Norman represent a solid investment choice, providing a stable source of income and potential for long-term appreciation in value. As a hub for education and research, Norman is home to the University of Oklahoma, which drives the local economy and attracts a diverse range of businesses, from scientific research institutions to private companies. The city's amenities, including the Norman Regional Health System, Griffin Community Park Sports Complex, and University of Oklahoma sports facilities, make it an attractive location for businesses and residents alike. Additionally, Norman's location, just 20 miles south of Oklahoma City, provides easy access to the state capital and its amenities.
Norman's Office Properties are part of a diverse range of commercial real estate options, including Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels. The city's Commercial Real Estate market is driven by the presence of institutions like the University of Oklahoma and the National Weather Center, which attract a range of businesses and research organizations. Apartment Buildings in Norman offer a range of options for residents, from student housing to luxury apartments. Shopping Centers in Norman provide a convenient location for retailers, with access to a large student population and local residents. Hotels in Norman cater to visitors and business travelers, offering a range of amenities and services. With its diverse economy and range of amenities, Norman is an attractive location for businesses and investors alike, making it an ideal place to invest in Office Properties.
What is the average price per square foot for office properties in Norman?
The average price per square foot for office properties in Norman is $195 USD per square foot, with 8 available listings ranging in size from 8,848 square feet to 20,224 square feet, offering a diverse range of options for businesses and investors.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Norman, Oklahoma, 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 high-end tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, located in decent areas, and are suitable for a wide range of businesses, providing a balance between quality and affordability.
- Class C office properties are often older, less renovated buildings with limited amenities, situated in less desirable areas, and are typically more affordable, appealing to startups, small businesses, or those on a tight budget.
