Duxbury Office Space
Leasing or Buying Office Space in Duxbury, MA
Duxbury is a seaside town that is a part of Plymouth County in Massachusetts. This suburb is situated in a region called the South Shore and is about 35 miles SE of Boston.
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This area is bordered by other towns, including Kingston, Pembroke, and Marshfield. Bodies of water also surround it, such as the Cape Cod Bay and Kingston Bay. It is the only town that allows access to the Saquish Neck by land, which is a strip of land along its namesake bay and whose tip is right in the area of Plymouth.
This town is one of the largest producers of cranberries in the entire state and is also well-known for its shellfish. Bogs and ponds are all around the community with the Back River lying along Saquish Neck’s western border. There are also brooks, marshes, and tributaries in this area, along with sanctuaries, forests, and a conservation area. The place has recreational parks that are ideal for dog walking, horseback and bike riding, and hiking.
The neighborhoods in the western and southern part of the town, along with its center and Ashdod, are considered the best sites for businesspeople looking for a location for their office. These areas have a mix of affordable and expensive buildings for purchase and rent.
Lease the Spot
Your business needs a home, and perhaps you feel that this is the town where your business should be. Whether you are looking for a place that will suit your needs for a single-person unit or you want something with adequate room for your employees, you will find it here in this area.
One of the reasons why people choose leasing over buying is that the former is more affordable and easier to obtain the funds for. The current value index of the properties in this town is around $621K+, and the median price for every square foot is $292. This amount is actually more significant than what the Boston Metro properties are asking for since the average rate there is only around $276.
In this case, leasing is a much better option, especially if you do not have the funds yet to purchase a space. When you choose to rent a space in this area, you will not have to worry about making a down payment unlike when you buy a property. Usually, the seller will ask for about 10 to 30 percent of the total amount of the unit.
However, if you lease, the payment you will give to the seller will only be the deposit. Typically, it is equal to just a month’s rent. If you use the services of a broker, you can also add the one-time fee for this professional. Nevertheless, leasing allows you to save more money, and you can use the remaining cash you have for expansion or funds for work.
Buy the Unit
While there are benefits to leasing in this town, it does not mean you should not consider purchasing a site here. In fact, many businesspeople prefer buying because it provides them and their business some advantages.
One of the major gains is that purchasing a property for your business can help you build equity, which you can use as collateral in the future. It is indeed very useful, especially if you have plans to expand your business. Additionally, you can use it to secure your retirement.
Another reason why you may want to purchase a building or a unit for your office is that the costs will stay the same. Most of the time, you will have to take out a fixed loan. In this case, your monthly payments will not increase for the duration of the loan period.
Tips When Listing the Unit for Lease and Sale
On the other hand, if you are not looking for a unit but you are looking for a business that wants to lease or purchase the property, there are a few things that you should bear in mind. Marketing the building does not have to be difficult. The most important thing is that you should get discovered.
You should ensure that your potential tenants can find the commercial spot that you currently have. Therefore, discovery is the trick here where you want the property to show up online so the future buyer or renter will find it. What you need is a great and reliable place that will allow you to reach the business groups and interested people who may be searching for a site in Duxbury, MA.
Your commercial unit does not have to be boring. Another useful tip is to give the potential clients reasons why they should choose your place over the other options in a particular neighborhood in town. As you tell the story about the site, you can help set it apart from the competition.
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