Easton Office Space
The town of Easton is situated 29 miles south of Boston in Bristol County in eastern Massachusetts. The town has many US routes passing through downtown and the city of Boston is easily accessible by car via I-95 N and US Route 1 N. There is no rail service to the town, but MBTA is planning to extend the existing Providence-Stoughton line in the future, so at the moment, the nearest stations are those at nearby Mansfield and Stoughton that service Boston's Back Bay and South Stations.
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This was once a busy, spade making town. Now it has one 200 acre industrial zoned business park with low vacancy levels, single story units and reasonable rental rates.
As in all suburban towns, there is a good variety of shops, supermarkets, stores and fine eateries. On Saturdays, a local company hosts a farmer’s market inside their premises and they also host special events throughout the year. The forest within Borderland Park has more than 20 miles of trails through the deeply wooded area, which is used most days of the year by visitors or locals to go hiking, dog walking or horseback riding. Outdoor activities are high on the list for this neighborhood because of its open countryside and many parks.
In recent years, the population of the town has exploded as professionals, retirees and families have moved away from big cities to lead a less stressful lifestyle. New housing developments have shot up along with shopping plazas and office blocks, many of which are bank buildings with office space above. Seeking recognition from the town’s Chamber of Commerce, a non-profit organization that supports and gives guidance to business and professional people in an effort to promote a strong business climate, will help establish your standing in the community.
As the town’s population has grown, so has the need for different types of professional services like bike rental, hiking apparel and franchised businesses. Local people need vets, accountants or even pharmacies. A growing town like Easton offers many great opportunities for an established business to relocate from another area or for an entrepreneur to create a specialized service that is not yet available in the neighborhood. All these skilled or licensed trades need offices to set up their companies. Property for lease or for sale is always snapped up quickly, so it is in the owner’s best interest to maintain their buildings in good condition.
Commercial properties of all sizes and in different parts of the town become available on an almost daily basis, so contact a local, commercial real estate broker who will notify you as soon as a suitable unit gets listed. For companies who have proven their use as a necessity to a community, many prefer to buy office space. Chain companies like tax preparers tend to purchase a unit because this is a service required in all towns and cities and they know the value of the property will likely increase with time. Larger companies opening a branch in a growing neighborhood tend to buy real estate as an investment.
Buying a property is not always what a starter company wants, so leasing might be the best avenue for them to consider. A reasonably good sized unit of 3,650 sq. ft. for use as a dental practice or another service would cost around $3,700 per month or 44,400 per annum.. A smaller unit needed for a nail salon office might cost half that amount whereas the rent of a larger unit will be pro-rated depending on the square footage and location. Leasing is a great alternative when you are locating to a new area or have expansion plans for the near future
.For companies or businessmen owning property with a view to leasing one or many individual units, placing the property in the hands of a realtor dealing in commercial selling and leasing is the best practice. The realtor will list it in a professional manner, handle phone calls, emails, arrange viewings and assist in any questions you might have regarding the lease terms. For selling a commercial property, the realtor will list it, photograph it and complete an accurate description by stating the square footage, location and general condition of the property and make appointments for prospective purchasers to view the unit.
Advantages of Having an Office Space in Easton, MA
Easton is a small town that is best known for being family-oriented. Tucked away just south of the city of Boston, this place has a charming town center, a beautiful landscape, and great schools. As a suburb of Boston, the area has an ideal location and amenities that are useful to the residents and the tourists.
It has the Langwater Farm and the Borderland State Park that effortlessly showcase the natural beauty of the town. Plus, the Oakes Ames Memorial Hall and the other well-preserved sites, including the Ames Shovel Works, have been converted to residential buildings.
An Excellent Place for Business
The town was once full of farm properties, but most of them have housing developments standing on them right now. With the explosion of population and the reawakening of agriculture in this area, it is one of the best towns for a business.
It is a part of Bristol County, just like Dartmouth, Freetown, Somerset, and Fairhaven. The localities of this town include Alger’s Corner, Five Corners, Morris Corner, and Furnace Village among others. It is in the eastern part of Massachusetts and is bordered by West Bridgewater and Brockton to the east. Taunton and Raynham are both on the southern borders of the area and Norton is at both sides of the southwestern parts of the town. Other nearby cities include Mansfield, Stoughton, and Sharon.
Its location is ideal for commuters, which is why it is a good place to choose if you are searching to lease or purchase an office space. It may be useful to know that the most expensive neighborhoods in this town are the town center, the northern part of the city, mainly where the Stonehill College is, Pratts Corner, and Morse Corner. Eastondale also has the most expensive properties in this town.
The values of the properties here have increased almost eight percent since last year. Most of the residential real estate properties have an average value of $416,871, and it is forecasted that this number will increase up to 3.5% by next year.
The good news is this town is friendlier to buyers with the median list price at $249 per square foot. It is slightly higher than the Providence Metro, which has an average price of $200. Rentals are quite high here, especially compared to Providence Metro and the United States’ indices. The rent index for this town is $2,461, while Providence has $1,741 and the US has an average of $1,451.
Why Lease a Unit
If you are considering leasing a property for your company, there are some reasons why you should choose to do it in this town. Your business will benefit from renting because you can get the unit you want without worrying too much about the pricing. In fact, the expensive neighborhoods are much easier to afford through leasing than purchasing. You can rent a prime office space that you may not be able to pay for if you buy it.
Leasing is also a better option if your company is quickly growing. Typically, renting does not have as many constraints as buying, including the fact that you cannot transfer the building to another location. You can, however, move your business to another place, which is much easier if you choose to lease rather than purchase.
Why Buy a Property for Your Business
Financing the commercial unit using a bond makes your payments more predictable. That is because your fixed costs are much easier to determine compared to renting. One reason behind this detail is that the rates are often expected to increase in interest, which can be about one percent over the next year. It is much better than an eight percent increase annually because of rental rate changes.
With so many good places in this town to search for a commercial unit that is well-maintained, you can benefit from them since they can result in wealth creation. Properties in this area continue to appreciate in value, which means that if you own a unit here, your business location will also increase in value.
Another reason why you should purchase is that the interest on the mortgage loan is tax deductible. The capital part of the loan repayment plan can go toward the reduction of your debts.
Listing Your Unit for Lease or Sale
In case you have a property to sell or lease, one of the best ways for it to be discovered by potential renters or buyers is to place an ad online. While you can always go for offline advertising, it is more recommended to have your presence online because more people turn to ads in this kind of listing.
When you list the property, you should focus on the benefits that the buyer or lessee will get. It also helps if you actively promote the location and the listing on your social media profiles.
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