Office Properties

Office Properties

Search for office buildings for sale or lease that fit your business needs. Filter by location, square footage and lease terms to find office spaces that match your criteria.

When purchasing or leasing a commercial office space, Three West can guide you through the following considerations, which ensure your investment aligns with your financial and operational goals:

  • Location and neighborhood: Evaluate the location’s desirability for businesses, proximity to public transportation, amenities (restaurants, shops, etc.), and its overall safety and reputation.
  • Tenant occupancy and lease agreements: Review the current tenant base, lease agreements, occupancy rates, and the stability of the rental income, including lease duration and tenant renewal likelihood.
  • Building condition and amenities: Assess the physical state of the building, including HVAC, elevators, plumbing, electrical systems, and parking availability, as well as any modern amenities like internet connectivity and shared spaces.
  • Market trends and demand: Understand current office space market trends in the area, including vacancy rates, rental growth potential, and the demand for office space in the neighborhood or city.
  • Zoning and building regulations: Confirm that the property complies with local zoning laws for office use and ensure there are no upcoming changes that could impact its use or value.
  • Potential for renovation or repositioning: Consider the potential to upgrade or reposition the building to attract higher-paying tenants or adapt to changing market demands, such as offering coworking spaces or flexible lease terms.
  • Operating expenses and maintenance costs: Understand the building’s operating expenses, including maintenance, utilities, property management fees, and capital expenditures, as well as how these might impact net operating income (NOI).
  • Financing and tax considerations: Investigate available financing options, including interest rates and loan terms, and consider the tax implications, including property taxes, depreciation benefits, and any applicable incentives.