Melbourne, Florida, offers a unique opportunity for investors to capitalize on the city's growing demand for office properties. With a population of over 84,000 residents, Melbourne is an attractive location for businesses, with a diverse range of industries, including healthcare, tourism, retail, and arts and culture. Office properties in Melbourne represent a sound investment opportunity, providing a stable source of income and potential for long-term appreciation. The city's strong economy, fueled by major employers such as Harris Corporation, Northrop Grumman, and Embraer, ensures a consistent demand for office space. Additionally, Melbourne's amenities, including the Brevard Zoo, Wickham Park, and Lake Washington, make it an attractive location for businesses and employees alike. The city's infrastructure, including the Melbourne Orlando International Airport and the Florida East Coast Railway, provides easy access to major transportation hubs, making it an ideal location for businesses with regional or national operations. With its rich history, cultural events, and diverse retail and commerce sector, Melbourne is an excellent choice for businesses looking to establish a presence in the region.
Melbourne's office properties offer a range of investment opportunities, from small, single-story buildings to larger, multi-story complexes. With 43 office properties currently available for sale, investors have a wide range of options to choose from. The average price per square foot for office properties in Melbourne is $348 USD, with an average size of 18,347 square feet. The largest office property available for sale is 260,800 square feet. In addition to office properties, Melbourne also offers a range of other commercial properties, including commercial real estate, apartment buildings, shopping centers, and hotels. For example, commercial real estate in Melbourne offers investors the opportunity to capitalize on the city's growing retail sector, with a range of properties available for sale, from small, single-story buildings to larger, multi-story complexes. Apartment buildings in Melbourne provide a stable source of income, with a range of properties available for sale, from small, single-story buildings to larger, multi-story complexes. Shopping centers in Melbourne offer investors the opportunity to capitalize on the city's growing retail sector, with a range of properties available for sale, from small, single-story buildings to larger, multi-story complexes. Hotels in Melbourne provide a unique investment opportunity, with a range of properties available for sale, from small, single-story buildings to larger, multi-story complexes. Overall, Melbourne's office properties offer a sound investment opportunity, with a range of options available to suit different investment strategies and goals.
What is the average price per square foot for office properties in Melbourne?
The average price per square foot for office properties in Melbourne is $348 USD per square foot, with a total of 43 available listings, offering a range of options for investors and businesses looking to establish a presence in this city.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Melbourne, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to ensure you find the right fit for your business needs.
- Class A office properties are typically high-rise buildings with top-notch amenities, modern infrastructure, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer a balance of quality and affordability, providing functional spaces with some amenities, and are often sought after by small to medium-sized businesses.
- Class C office properties are typically older buildings with fewer amenities, and may require renovation, but offer more affordable options for startups or budget-conscious businesses.
