Office Properties in Redmond, Washington, offer a unique investment opportunity for those looking to capitalize on the city's strong technology industry. With major companies like Microsoft and Nintendo of America headquartered in Redmond, the demand for office space is high. Office Properties in Redmond can represent a range of investments, from single-story buildings to multi-story complexes, each with its own unique characteristics and advantages. The city's amenities, such as the Redmond Regional Library and the DigiPen Institute of Technology, make it an attractive location for businesses and employees alike. Additionally, Redmond's proximity to Seattle and its access to major transportation hubs like State Route 520 and the Evergreen Point Floating Bridge make it an ideal location for companies looking to establish a presence in the region. With its mild climate and scenic natural surroundings, Redmond is also a great place for business and travel, with attractions like Marymoor Park and the Redmond Central Connector offering plenty of opportunities for outdoor recreation.
Redmond's Office Properties are situated in a city with a strong economy and a diverse range of industries, including technology, retail, and services. The city's downtown area is home to a mix of retail shops, restaurants, and cultural attractions, while the Overlake neighborhood offers a range of office spaces and amenities. In addition to Office Properties, Redmond also offers a range of other commercial real estate options, including Commercial Real Estate, which can provide a more traditional office environment. Apartment Buildings are also available in Redmond, offering a range of residential options for employees and residents. Shopping Centers, like the Redmond Town Center, provide a range of retail and dining options, while Hotels, such as the Redmond Marriott, offer convenient accommodations for business travelers. With its strong economy and diverse range of industries, Redmond is a great place to invest in Office Properties, with a range of options available to suit different needs and budgets. The average price per square foot for Office Properties in Redmond is $733 USD, with an average size of 4,918 square feet. The largest Office Property available in Redmond is 12,929 square feet, offering plenty of space for businesses to grow and expand.
What is the average price per square foot for office properties in Redmond?
The average price per square foot for office properties in Redmond is $733 USD per square foot, with 6 available listings ranging in size from 4,918 square feet to 12,929 square feet, offering a diverse range of options for investors and businesses alike.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Redmond, 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 functional and efficient space with standard finishes, suitable for a wide range of tenants, and are often located in decent areas with easy access to amenities.
- Class C office properties are usually older buildings with basic finishes, limited amenities, and may require renovation, often appealing to budget-conscious tenants or startups.
