Dracut Office Space
Why Lease an Office in Dracut?
Have you considered leasing office space in this city? With a growing population of over 25,500 residents, the town offers many advantages as a commercial location. Just consider some reasons to search for an office here:
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First, this municipality stands close to both Lowell and Methuen, two populous cities located on the northern outskirts of the Boston Metropolitan Area. Its geographic position ensures businesses in this community draw from a potentially large poole of consumers. Proximity to Lowell and Methuen offer important economic benefits for some firms.
Second, an office here lies just a short distance away from New Hampshire. If you seek ready access to business opportunities in the Granite State, then your ability to reach Manchester and its environs easily from this location may also prove very enticing. By selecting an office site in this community you can conduct business as a Massachusetts-based company and still maintain a visible presence in New Hampshire markets.
Dracut Offers a Delightful Neighborhood!
The growing municipality of Dracut stands within the Peppermint Brook basin along Road 38. This thoroughfare links the campus of the University of Massachusetts at Lowell with the Boston area to the south. It supplies a connection to points within New Hampshire to the north. The highway becomes "Bridge Street" as it passes through town.
The community adjoins the City of Lowell along its southeastern border. Methuen lies roughly six miles northeast. Road 113 connects these two growing urban areas; it passes just south of town to intersect with Bridge Street along Broadway.
Although still a single unified neighborhood for U.S. Census purposes, this vibrant Massachusetts community possesses some distinctive landmarks. Peppermint Brook passes through a pond located just west of Bridge Street near the town center. This roadway and Old Marsh Hill Road extend through the valley towards the west. On the east side of town Marsh Hill forms a prominent local feature. Winter Hill in the northwest and Bump Hill along the west also serve as natural landmarks.
About Leasing an Office
This scenic community incorporated for the first time during the 1700s, so office seekers will discover some vintage properties here. The community's historic setting may offer opportunities for companies seeking commercial sites located in renovated buildings. Whether you prefer a modern office façade or a Colonial motif, you stand an excellent change of locating properties for lease meeting your specifications here!
Leasing office space offers a number of potential advantages. First, leasing usually ties up less working capital for a small business than the purchase of business premises. Second, some landlords will agree to short term rental periods, effectively allowing a company to evaluate the suitability of the community as a business site before making a long term financial commitment. Third, sometimes a new businesses can afford to lease more opulent premises than it could qualify to purchase. The availability of an attractive rental property may help a firm establish itself within a market area.
Buying an Office
Purchasing an office also offers some important benefits. When an company buys realty, the firm typically enjoys greater latitude to change or modify the premises to suit its business needs. For example, while a landlord may hesitate to permit a tenant to alter the interior of leased premises to create additional rooms, companies frequently obtain permission to renovate interior offices within purchased commercial units.
Additionally, by investing in purchasing an office, a business may reap significant financial rewards if the realty subsequently appreciates in value. Unlike rental payments, the money expended on an amortizing mortgage enhances the company's equity in the real estate. If the firm retains possession of the property for several years and the commercial realty market rises during this time period, the firm may discover it possesses a more valuable business asset. If you've decided to search for an office to buy in this community, consider requesting assistance from Boston City Properties.
Listing an Office Here For Lease or Sale
Boston City Properties also offers real estate services of interest to commercial property owners. If you've considered offering an office in this location for lease or for sale, our company supplies a potentially valuable resource. We follow marketplace trends within the Greater Boston Metropolitan Area and outlying communities with interest.
This dynamic region appeals to numerous businesses today. In general, the price of commercial real estate in Boston has increased significantly during the past few decades. Listing this type of realty often involves important financial decision making. By establishing too low a list price, a seller risks losing equity; on the other hand, setting too high a list price may result in extended holding costs. Boston City Properties assists many companies with complex commercial property listing issues. Consider calling upon our expertise in this field if you've decided to place your Dracut property on the commercial realty marketplace!
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