Oakland, California, is a prime location for investing in Office Properties, with a strong economy and a diverse range of industries driving growth. Office Properties in Oakland offer a unique opportunity for investors to tap into the city's thriving business community, with a range of options available to suit different investment strategies. From Class A office spaces in downtown Oakland to more affordable options in outlying neighborhoods, Office Properties in Oakland offer a compelling investment opportunity. The city's strong infrastructure, including the Port of Oakland and major transportation hubs, makes it an attractive location for businesses, while its highly educated workforce and proximity to top-ranked universities ensure a steady supply of skilled labor. Additionally, Oakland's desirable location, with its mild climate and scenic views of the San Francisco Bay, makes it an attractive place to live and work, driving demand for office space.
Oakland's Office Properties market is characterized by a range of options, with 70 listings currently available. The average price per square foot for Office Properties in Oakland is $364 USD, with an average size of 10,435 square feet. The largest Office Property available in Oakland spans 70,190 square feet. With an average cap rate of 6.92%, Office Properties in Oakland offer a compelling investment opportunity. In addition to Office Properties, Oakland is also home to a range of other commercial property types, including Commercial Real Estate, Apartment Buildings, Shopping Centers, and Hotels. The city's Commercial Real Estate market is driven by its strong economy and highly educated workforce, while Apartment Buildings offer a range of options for investors looking to tap into the city's growing rental market. Shopping Centers in Oakland are well-positioned to capitalize on the city's strong retail sector, while Hotels in Oakland offer a range of options for investors looking to tap into the city's growing tourism industry. Overall, Oakland's diverse range of commercial property types makes it an attractive location for investors looking to diversify their portfolios.
What is the average price per square foot for office properties in Oakland?
The average price per square foot for office properties in Oakland is $364 USD per square foot, with 70 available listings ranging in size from 10,435 square feet to 70,190 square feet, offering a diverse range of options for investors and businesses looking to establish a presence in this East Bay city.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Oakland, 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 the highest rents.
- Class B office properties offer functional space with average amenities, often located in secondary business districts, and are suitable for a wide range of tenants, with rents lower than Class A properties.
- Class C office properties are older, less desirable buildings with limited amenities, often in need of renovation, and typically attract smaller, local businesses or startups at lower rents.
