Manchester, New Hampshire, offers a diverse range of Office Properties For Sale, making it an attractive investment opportunity for those looking to capitalize on the city's strong economy and growing business sector. With a rich history as a textile mill town, Manchester has diversified its economy over the years, with key employers including healthcare facilities, educational institutions, and major corporations like Elliot Hospital, Catholic Medical Center, and Southern New Hampshire University. Office Properties in Manchester provide a unique blend of amenities, infrastructure, location, education, and geography, making them an attractive investment option. The city's proximity to major transportation facilities, including Manchester-Boston Regional Airport, two Interstate Highways, one U.S. Route, and six New Hampshire State Routes, ensures easy accessibility for businesses and clients alike. Additionally, Manchester's neighborhoods, such as downtown Manchester, South Willow Street, and Second Street on the West Side, offer a unique character and history, contributing to the city's diverse and dynamic atmosphere. With attractions like the SNHU Arena, the Currier Museum of Art, and the New Hampshire Institute of Art, Manchester is an ideal location for businesses and individuals alike.
With 15 Office Properties For Sale in Manchester, investors have a wide range of options to choose from. Manchester's Office Properties offer an average price per square foot of $173 USD, with an average size of 25,949 square feet and a largest size of 169,988 square feet. The average cap rate for Office Properties in Manchester is 6.97%. In addition to Office Properties, Manchester also offers a range of other property types, including Commercial Real Estate, which provides opportunities for retail and industrial investments; Apartment Buildings, which cater to the city's growing residential population; Shopping Centers, which offer a mix of retail and dining options; and Hotels, which provide accommodations for visitors and business travelers. With its diverse economy, rich history, and growing business sector, Manchester is an attractive location for investors looking to capitalize on the city's growth and development.
What is the average price per square foot for office properties in Manchester?
The average price per square foot for office properties in Manchester is $173 USD.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Manchester, 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 premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer a balance of quality and affordability, with standard finishes and amenities, suitable for a wide range of tenants, and are often located in decent areas.
- Class C office properties are typically older, less renovated buildings with basic amenities, and may require more maintenance, but can offer affordable options for startups or small businesses.
