Orem, Utah, is an attractive destination for investors seeking Office Properties For Sale, offering a unique blend of business-friendly infrastructure, educational institutions, and recreational opportunities. Office Properties in Orem represent a diverse range of investments, from single-story buildings to multi-tenant complexes, catering to a variety of businesses and entrepreneurs. With its proximity to Utah Valley University, Office Properties in Orem benefit from a steady supply of skilled workforce and a dynamic business environment. The city's economy is fueled by a mix of industries, including technology, software development, and retail, making it an ideal location for Office Properties. Additionally, Orem's amenities, such as the Orem Splash Pad at Palisade Park, the Skate Park, and City Center Park, enhance the quality of life for employees and residents alike, making it an attractive location for businesses to set up office spaces.
Orem's Office Properties For Sale offer a compelling combination of accessibility, affordability, and amenities. With 24 Office Properties available, investors can choose from a range of options to suit their needs. The average price per square foot is $245 USD, and the average size of Office Properties is 35,376 square feet, with the largest property spanning 207,963 square feet. In addition to Office Properties, Orem also offers a range of other commercial properties, including Commercial Real Estate, which benefits from the city's proximity to Interstate 15 and US Highway 89. Apartment Buildings are another popular option, with many complexes located near Utah Valley University. Shopping centers, such as the oldest mall in Utah County, provide a hub for retail and dining options, while Hotels cater to the city's growing tourism industry, driven by events like the Timpanogos Storytelling Festival and Summerfest celebration. Overall, Orem's diverse range of properties and amenities make it an attractive destination for investors and businesses alike.
What is the average price per square foot for office properties in Orem?
The average price per square foot for office properties in Orem is $245 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Orem, it's essential to understand the classification system, which categorizes properties based on their age, condition, and amenities, to make an informed decision.
- Class A office properties are typically modern, high-rise buildings with top-notch amenities, high-quality finishes, and excellent locations, often attracting high-end tenants.
- Class B office properties are older, yet still well-maintained, with average amenities and finishes, suitable for a wide range of tenants, while Class C office properties are older, with fewer amenities and lower-quality finishes, often requiring renovation or redevelopment.
