Office Properties in Southfield, Michigan, offer a unique investment opportunity for those looking to capitalize on the city's strong commercial and business sectors. With a diverse range of office spaces available, from modern high-rise buildings to historic structures, investors can find the perfect property to suit their needs. Office Properties in Southfield can represent a variety of investments, including single-tenant buildings, multi-tenant complexes, and even mixed-use developments. The city's excellent infrastructure, including the Southfield City Centre and the area around the former Northland Center shopping mall, provides easy access to major highways and public transportation. Additionally, Southfield is home to Lawrence Technological University, which attracts a talented pool of professionals and entrepreneurs. The city's geography, with its mix of urban and suburban areas, also offers a unique blend of amenities, including parks, nature preserves, and sports facilities.
Southfield's Office Properties are situated in a prime location, with easy access to downtown Detroit and other major areas in the region. The city is home to over 100 Fortune 500 companies, showcasing its importance as a business center in the region. Nearby, investors can find a range of other property types, including Commercial Real Estate, which offers a diverse range of investment opportunities, from retail and industrial spaces to warehouses and distribution centers. Apartment Buildings are also available in Southfield, providing a steady stream of rental income for investors. Shopping Centers, such as the Southfield City Centre, offer a mix of retail and dining options, while Hotels, like the Westin Southfield Detroit, cater to the city's business travelers. With 23 Office Properties currently available for sale, investors have a wide range of options to choose from, with average prices ranging from $121 USD per square foot and average sizes of 133,939 square feet. The largest Office Property available is 575,311 square feet, offering ample space for businesses to grow and expand.
What is the average price per square foot for office properties in Southfield?
The average price per square foot for office properties in Southfield is $121 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Southfield, it's essential to understand the classification system, which categorizes properties based on factors like age, amenities, and location, to help you find the right fit for your business needs.
- Class A office properties are typically modern, high-rise buildings with top-notch amenities, prime locations, and high-end finishes, often attracting large corporations and Fortune 500 companies.
- Class B office properties offer a balance of affordability and quality, featuring functional spaces with standard amenities, suitable for smaller businesses and startups.
- Class C office properties are often older, more budget-friendly options with basic amenities, ideal for entrepreneurs, freelancers, or those on a tight budget.
