Office Properties in Redwood City, California, offer a unique investment opportunity for those looking to capitalize on the city's strong economy and diverse geography. With a population of approximately 80,000, Redwood City serves as the county seat of San Mateo County and is home to several global technology companies, including Electronic Arts, GoFundMe, and Equinix. Office Properties in Redwood City can represent a range of investments, from small, single-story buildings to large, multi-story complexes. These properties can be attractive to businesses looking for a location with easy access to transportation, amenities, and a skilled workforce. Redwood City's infrastructure, including its Caltrain stop and proximity to U.S. Route 101, makes it an ideal location for businesses that require easy access to San Francisco and San Jose. Additionally, the city's downtown area has undergone revitalization efforts, including the opening of a history museum and a 20-screen theater complex, making it an attractive location for businesses and employees alike. With its mild Mediterranean climate, diverse geography, and strong economy, Redwood City is a great place for business and travel, with attractions like the San Mateo County History Museum and the Peninsula Celebration Association's Independence Day parade.
With 10 Office Properties currently available for sale in Redwood City, investors have a range of options to choose from. The average price per square foot for Office Properties in Redwood City is $695 USD, with an average size of 9,905 square feet. The largest Office Property available for sale in Redwood City is 53,000 square feet. In addition to Office Properties, Redwood City also offers a range of other commercial properties, including Commercial Real Estate, which can be attractive to businesses looking for a location with easy access to transportation and amenities. Apartment Buildings are also available in Redwood City, offering a range of options for investors looking to capitalize on the city's strong rental market. Shopping Centers are another option, with several large retail complexes located throughout the city. Hotels are also available in Redwood City, catering to the city's business and tourist travelers. Overall, Redwood City offers a range of investment opportunities for those looking to capitalize on the city's strong economy and diverse geography.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Redwood City, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting top-tier tenants and commanding higher rental rates.
- Class B office properties offer a balance of quality and affordability, with standard finishes and amenities, and are often located in decent areas, appealing to a wide range of tenants.
- Class C office properties are generally older buildings with fewer amenities, located in less desirable areas, and are often priced lower, making them suitable for startups or small businesses.
What is the average price per square foot for office properties in Redwood City?
The average price per square foot for office properties in Redwood City is $695 USD.
