Investing in Commercial Office Space in Louisville
Investing in commercial office space in Louisville can be overwhelming considering the types of commercial property can be vast. If you’re interested in investing in a commercial space and want to narrow your options down, think about investing in office space. Office space is a versatile option that is good for investors from all backgrounds and budgets.
At HOWE Real Estate, we work with real estate investors and small business owners who are interested in office space, which is a highly sought out type of commercial space. Our job is to assist clients, so they see the best return on their commercial investment. No matter the type of commercial space, as real estate brokers, we know this can be a daunting process for investors, so our goal is to provide unrivaled support along every step of the journey.
Benefits of Investing in Commercial Office Space in Louisville
The city of Louisville, which is Kentucky’s largest city, has millions of square feet of office property. The demand for offices is on the rise due to the landscape of modern businesses shifting towards the digital arena. This is a great time to invest in office space.
When investing in office spaces, it can be a complex process and we will provide you, the investor, assistance every step of the way. We will guide/steer you towards or away from certain situations depending on real estate forecasts and demographic statistics. We will work to find the ideal location for office investments. We provide representation, so you can make the invest deals happen. After the deal is made, we can also handle the month-to-month management of the property from tenancy agreements or maintenance. If in the future you’d like to sell, we can help you get the best return with our aggressive selling strategies.
Office space can be found in high, mid or low-rise buildings, which make up around 20 percent of the commercial real estate market. Office space/buildings are also usually assigned a quality rating: Class A, B, or C. A Class A office space is the most attractive space to both investors and tenants. It is usually located in an ideal location, is a great-looking building, has good amenities, and high-quality tenants. A Class B building is a bit older than a Class A building and has less design elements. Rents are lower than as Class A building. A Class C building is an older building in a lesser desirable location; Class C buildings tent to have sub-standard tenants and cosmetic issues with the building. These buildings are great for investors who want to turn around the building and bring it up to a Class B level.
Investing in office spaces can be a great way to diversify your portfolio as an investor. Through an office space investment, you can earn high rents from capital appreciation. When is comes to investing in office space, you should be aware that office space is connected to the economy’s ups and downs. That being said, you’ll want to invest in industries that are predicted to have more job growth. The top industries in recent years include health care, construction, educational services, and professional and business services.
Looking for Louisville Commercial Properties for Sale?
As long as there are businesses, there will be a demand for office space. Whether you’re new to investing or a long-time investor, you can benefit from investing in an office space, especially with our team at HOWE Real Estate looking out for your best interests.
Let our team of professionals at HOWE Real Estate help you get started on looking for office space. We work with buyers, sellers, lessors and lessees across all property types in and around Louisville. To contact us, send us an email or call 502-890-4475.