Falmouth Office Space

The coastal town of Falmouth in Massachusetts is the second largest on Cape Cod and is situated on the southwestern tip of the Cape. The main highway serving the area is US Route 28 a very busy thoroughfare in summer, so local residents mainly use Route 151 when accessing I-495 N, which takes them the 77 miles to Boston. Several years ago the Massachusetts Coastal Railroad planned to bring a commuter rail service to the town, but as of the beginning of 2018, the town still eagerly awaits its arrival.

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This is a typical resort town with lighthouses and museums perched along the rugged coastline. With its many creeks, ponds, inlets and several beautiful beaches, the town is very popular with weekenders and vacationers. Parking during the summer months becomes very hard, even though visitors have to pay to park, but thankfully there is resident-only parking at a few beaches. Locals breathe a sigh of relief when most of the tourists have returned home and they can have the town, beaches and entertainment to themselves.

The community prides itself in being a cultural center with an arts guild, cinemas, theatres and an opera company. They have good schools, high quality shopping, and excellent water sports opportunities in a fantastic location just a short ferry ride from Nantucket and Martha’s Vineyard.

Every year the population increases as more and more people move from big cities to a coastal, less stressful town. Companies are relocating, too, as newer, different businesses look for convenient office space. There are many large buildings available to lease or buy, which could be used as medical facilities, optical offices or animal hospitals. New property is being built every year, so they offer a great prospect for existing businesses to move into or for someone to start a new venture. There are so many diverse activities in this town that there is room for many more.

Leasing space is a good way for many companies to set up business when they are relocating to the area or for entrepreneurs starting a business. It gives them chance to adjust to new surroundings and decide if, when and where they would like to buy a facility. A newer business might not have the financial resources to purchase straight away, so leasing is a great way to start. Leasing also allows a smaller company to invest their capital in their product or service without paying for repairs.

To lease a 1,480 sq. ft. unit in a nice neighborhood will cost around $1,450 per month, but then an 807 sq. ft. space in a newer building will cost around $1,245 per month. A unit’s rent is defined by the age, condition, size and location. Rent in a large office block with many different sized units will range from 100 sq. ft. for $134 per month to 6,500 sq. ft. for $24,375 per month.

Many larger companies relocating to a new area prefer to buy property with a view to using only part of it and leasing the remaining space. This is always a good investment and having the tenant on hand allows you to monitor the treatment of the property. Purchasing a 1,188 sq. ft office condo on the outskirts of town will cost around $199,000, while a 1,692 sq. ft. office property just outside the town center boundary will cost around $99,000.

Prices for leasing or purchasing will depend very much on the location and condition of the unit. All areas of this community have commercially owned properties which regularly come up for leasing or for sale. As in other coastal towns, areas with a water view might be more expensive, but consider the amount of exposure given to these areas when you decide to lease or buy a building.

Property in Falmouth usually sells quite quickly, but there are always exceptions. A commercial real estate broker is the best person with whom to list your office space. They know the area and might have had enquiries from clients wishing to lease or buy in the town. Listing a property correctly requires a specialist’s knowledge of the market and area, so a local broker will be able to promote your property in a manner to attract as many tenants or buyers as possible.

Office Spaces for Lease and Sale in Falmouth, MA

Falmouth is in Barnstable County in Massachusetts and is famous for being the home to many scientific organizations and their museums. It is coextensive with Cape Cod where it is considered the second largest municipality following Barnstable.

This town is where the terminal of the ship that ferries to Martha’s Vineyard can be found, specifically at Woods Hole. The mentioned place is a favorite neighborhood here for both residents and businesses. Other areas where you can find a good spot for your company include Waquoit, Hatchville, Teaticket, and the eastern, northern, and western parts of the town. The village named after the city is also a great option, particularly for startups.

This place is situated on the tip of Cape Cod right at the southwestern area. It is approximately 77 miles from the south-southeastern location of Boston, and it is nearby areas like Bourne Bridge and Barnstable. Its convenient location makes it an excellent place to find an office space. The town center is considered the most expensive neighborhood in this area, but it is still an excellent option, especially if you plan to purchase a unit.

Why Lease a Business Unit in This Area

The town is considered one of the best places for residency in Massachusetts. However, it is also an excellent option for those looking to house their business in the state. The rental rates here may be higher than the Cape Cod Metro, but it is much lower than the other communities that surround it.

There are also many building options available, and the good news is that you can definitely find a spot that is affordable, even if you are a startup. Some neighborhoods have sites where commercial structures can be seen and many of them are quite affordable.

For instance in Worcester Court, the median price here is $12 per square foot a year for a building class C, which means that the structure is basic but comes with enough functional room for the tenants. Additionally, the rent is below average for this town, which makes this part of the neighborhood ideal for those who may be looking to save on rental prices.

Meanwhile, a unit at the town center or precisely at the Town Hall Square can cost about $20 per square foot per year. It may be more expensive than the other places in Falmouth, but the office space can have tons of benefits, including the fact that it is in an area that is very walkable with some transit options.

Whether or not you choose a part of the town that is expensive, you can afford it when you decide to lease. Plus, you do not have to worry about the constraints that may come with having a business in this place, especially if you plan to move to another location in the future.

Why Purchase a Commercial Property in This Town

If you want your business to stay in this town, it is essential that you look for a place that your company will call its home. This area has some great buildings to offer to entrepreneurs and firms no matter what the size.

The values of properties in this place continue to appreciate over time. Compared to last year, the numbers are up almost eight percent, and it is possible that the rates will rise again for at least three percent next year. It is good news if you plan to purchase a unit right now. One reason is you do not have to worry about the increasing price in the coming months.

Also, you can rent out the available room, which can be helpful in gaining more profits out of the location. Of course, if you own the place, you do not have to worry about the rent increases that can happen every year. When you purchase, you can use it to fund your retirement in which you can sell the property in the future.

How to Win a Tenant or a Buyer

If you have a spot in this town that you would like to sell or lease for a business, one of the most crucial things that you should do is to advertise it. Other people should know that you have a building that is on the market that they can either purchase or rent.

The town currently has a warm market that gives a slight edge to the buyers. You may have to compete with the other property sellers or lessors in this area. One of the best ways to make sure that businesspeople choose your place over the others is to provide them a list of benefits or reasons why they should go for your building. You may want to include the features of the structure, amenities, or services to attract potential renters or buyers.

Whether you own a property or you are looking for one, this town will provide you with opportunities to find exactly what you need for your business to thrive.

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