Office Properties in St. George, Utah, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and growing population of around 100,000 residents. As a hub for tourism, manufacturing, and new home construction, St. George provides an ideal environment for office properties to thrive. These properties can represent a range of investments, from Class A office spaces to medical offices, and can cater to various industries, including healthcare, technology, and finance. St. George's amenities, infrastructure, and location make it an attractive place to invest in an office property, with access to institutions like Dixie Technical College, Rocky Vista University College of Osteopathic Medicine, and Utah Tech University. The city's geography, with its proximity to the Mojave Desert and the Pine Valley Mountains, also provides a unique setting for businesses. Additionally, St. George is a great place for business and travel, with attractions like Zion National Park and the Grand Canyon nearby.
St. George, Utah, is home to 4 office properties for sale, offering a range of opportunities for investors. The city's office properties are complemented by other commercial real estate options, including commercial buildings, apartment buildings, shopping centers, and hotels. For example, the city's commercial buildings offer a range of spaces for businesses, while apartment buildings provide housing options for employees and residents. Shopping centers, like the Red Cliffs Mall, offer retail spaces, and hotels, such as the Hilton Garden Inn, cater to tourists and business travelers. With its strong economy and growing population, St. George is an attractive place to invest in office properties, and its unique blend of natural beauty, outdoor recreation opportunities, and cultural attractions make it an ideal location for businesses and residents alike.
What is the average price per square foot for office properties in St. George?
The average price per square foot for office properties in St. George is $299 USD per square foot, with 4 available listings ranging in size from 86,065 square feet to 146,000 square feet, and an average cap rate of 7.06%.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in St. George, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision that meets your business needs.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, offering top-notch amenities and services, such as 24/7 security, fitness centers, and on-site restaurants.
- Class B office properties are mid-range buildings with standard finishes, adequate amenities, and convenient locations, providing a balance between quality and affordability, often appealing to small to medium-sized businesses.
- Class C office properties are older, more functional buildings with basic finishes, limited amenities, and less desirable locations, typically offering the most affordable option for startups, solo entrepreneurs, or those on a tight budget.
