Warwick, Rhode Island, offers a unique opportunity for investors to capitalize on the city's growing demand for office properties. With a population of approximately 80,000 residents, Warwick provides a stable and diverse economy, making it an attractive location for businesses to establish themselves. Office properties in Warwick can represent a range of investments, from single-story buildings to multi-story complexes, each offering distinct advantages and opportunities. The city's amenities, infrastructure, and location make it an ideal place to invest in an office property, with proximity to major highways, T. F. Green Airport, and a range of educational institutions, including the Community College of Rhode Island. Additionally, Warwick's scenic coastline and historic attractions, such as the Gaspee Affair site, make it an attractive location for businesses and employees alike. With notable companies like Kent Memorial Hospital, Citizens Bank, and UPS already established in the area, Warwick is a great place for business and travel.
Currently, there are 20 office properties for sale in Warwick, offering a range of options for investors. The average price per square foot is $167 USD, with an average size of 7,426 square feet. The largest property available is 25,794 square feet. In addition to office properties, Warwick also offers a range of other commercial properties, including commercial real estate, apartment buildings, shopping centers, and hotels. For example, commercial real estate in Warwick can provide opportunities for investors to capitalize on the city's growing retail sector. Apartment buildings in Warwick offer a range of options for investors, from small complexes to larger developments. Shopping centers in Warwick provide a hub for retail activity, with a range of national and local brands. Hotels in Warwick cater to the city's growing tourism industry, with many establishments located near the airport and major attractions. With its diverse economy and range of commercial properties, Warwick is an attractive location for investors looking to capitalize on the city's growth.
What is the average price per square foot for office properties in Warwick?
The average price per square foot for office properties in Warwick is $167 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Warwick, Rhode Island, it's essential to understand the classification system, which categorizes office spaces based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are typically high-rise buildings with modern amenities, prime locations, and high-quality finishes, often attracting large corporations and commanding higher rental rates.
- Class B office properties offer functional spaces with standard amenities, located in decent areas, and are suitable for smaller businesses or startups, providing a more affordable option.
- Class C office properties are often older buildings with limited amenities, located in less desirable areas, and may require renovation, making them a more budget-friendly option for entrepreneurs or small businesses.
