Ayer Office Space

Ayer belongs to Middlesex County in MA. It has a population size of just under 7,500. The town has a strong industrial history, and it was once a major hub for commercial rail activity. Many of the major rail lines constructed in the town during the 1800s remain in operation today. One line is used for the MBTA commuter rail, which brings passengers throughout the region. Several lines are used to transport freight and heavy cargo. The town is near Route 2 and I-495, which are some of the most important roadways in the area.

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Like many smaller towns in New England, Ayer does not have any defined neighborhoods. Instead, it is separated into different areas by geographical features and man-made structures, including rail lines and highways. Over time, developments sprouted up close to the town's train station. Later, a similar trend followed along the town's highways. Today, the most built-up area of the town is in the downtown area, which lies to the western side of town. This area contains small businesses, the commuter rail, and multi-unit living spaces, such as condos and apartment buildings. Main Street, which divides the downtown square into a northern and a southern section, contains eateries, bars, and small businesses. Routes 2A and 111 also pass through the downtown square. The northern and eastern sides of town have more open space. There are several lakes and ponds in this area, which are popular for recreational use. Due to the abundance of land in this part of town, it is a prime area for office complexes, shopping centers, and professional office buildings.

Leasing commercial space makes sense for a variety of reasons. For one, leasing can also come with more flexible terms than purchasing does. As of 2018, the market is promising for several reasons. First, the areas around Boston are skyrocketing in demand, as companies want to be near the city, but still enjoy the better prices and more spacious buildings found outside of the city. A critical factor in determining the viability of a region is the amount of potential it has for growth and expansion in the future. The I-495 corridor is one of the fastest-growing in terms of commercial space and availability. In the first part of the year (2018), there was about 20.4 million SF of office property available for lease along the northern part of the I-495 corridor. There was over 4.7 million SF of direct space available, too. About 280,000 SF of space was available for subleasing, and the vacancy rates hovered around 25%.

For companies ready to stay in an area for a longer period of time, buying makes the most sense. This is especially true in 2018, as property prices and values only continue to rise. In 2018, there is a combination of straight office and mixed-use space for sale. There is little new development in the area, as companies are finding that previously existing spaces can be converted easily to meet their needs. Investors are confident in the continued strength of the market, and they are funding projects in 2018 that they might not have considered even five years ago. The strength of the local market, which is due in large part to the success of the Boston market, continues to make purchase opportunities available, which opens the door for a variety of companies. Presently, an average price for a Class B building, which is the mid-level range, is around $575,000 for an office that is just under 8,000 SF in size. A mixed-use space with about 4,800 SF of space costs, on average, around $360,000.

Property prices are continuing to rise in this town, which follows the trend in Boston and the surrounding metropolitan area. Having good market conditions gives sellers a head start in selling or leasing property, but there is still more work to do. This is where it helps to have a qualified and knowledgeable agent on hand to help, such as you'll find on our staff. An experienced agent is familiar with local market trends, which therefore enables them to determine a fair market price. Furthermore, an agent with specific expertise in one type of property, such as office, industrial, or warehousing, can point out your building's most salient features to win over prospective clients. Regardless of whether you're looking to sell or lease property, one consideration to keep in mind is that nothing is likely to happen to the property if it's not advertised correctly and in the right places. An agent who is familiar with posting ads, and even using tools like social media to get them in front of as many people as possible, can help tremendously with drawing satisfied clients.

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