Framingham Office Space

The city of Framingham is located in Middlesex County, 20 miles west of Boston Massachusetts. MBTA’s Framingham/Worcester line operates over 40 trains each day and the Massachusetts’ Turnpike passes through the center of the city creating an easy commute to Boston's Back Bay by car or train.

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Framingham is one of the largest cities in the Commonwealth of Massachusetts and the hub of the Metro-West region. It is blessed with several state and local parks, three beaches and two golf courses. There are reservoirs, six major ponds and the Sudbury River, which is well known for its ecology, history and beautiful scenery. With this city’s great central location ocean beaches and ski slopes are only an hour’s drive away.

One state park covers almost 1,000 acres and is renowned for hiking, biking and cross country skiing. A lakeside park has picnic areas, swimming, boating and fishing. For entertainment, visit the IMAX Theatre, the AMC Movie Theatre in the Shopping mall or take in a concert at Nevins Hall.

The town’s vibrant center has recently undergone a revitalization program and features the Amazing Things Art Center an art gallery that hosts weekly community events. The town also has an artisan market, architectural tours, and gift shops, eclectic restaurants and chic cafés.

The city has a great location, between Boston and Worcester, and is home to many well known companies, breweries and big box stores in the local mall. As the city grows, there is still room for more creative businesses, new entrepreneurial start-ups and professional agencies.

When moving to a different city or forming a new company, leasing property is a good way to start. Leases are generally for one year, with a view to renewing for a further year, or locking in a rent rate for several years. Property owners like to know they have a stable tenant to rely on for years to come. Another advantage to leasing is that if your business is booming, you have the opportunity to move to a larger unit as soon as your lease expires. To lease a 790 sq, ft. space in an office block downtown will cost around $1,300 per month or $15,600 per annum. A larger space of 1,800 sq. ft on the west side of the city, close to the Massachusetts Turnpike, will cost around $1,200 per month or $14,400 per annum. A small 634 sq. ft. space in a historical building will cost around $1,080 per month or $12,960 per annum. The lease price is calculated by the neighborhood in which it is located. the amenities or residential communities close by, the condition of the property and the lease terms offered. To find out more, a local, commercial realtor can explain the complexities of leasing.

Sometimes a larger company with many years of trading will decide to buy a commercial property or office space and some smaller businesses want the security of owning a property. As with leasing, the price of a unit for sale will depend on many factors. A one story 5,421 sq. ft. space on the east side of the city will cost around $699,000, while 1,085 sq. ft. office condo near downtown will sell for around $99,500.The city has many unique commercial centers where properties are always changing hands. Purchasing a property takes time. This is where a local realtor dealing in commercial office space will be a godsend. He or she will take note of your requirements and contact you as soon as a suitable property is listed. It is usually a buyer’s market, so as soon as your realtor knows what you want, he can be your eyes and ears.

If you are a property owner and decide to sell your unit, you want to get the best possible market price. Most businessmen are not aware of the value of their property, especially if they bought it several years ago. Prices vary so much from region to region, so wherever your property is located or whatever condition it is in, a commercial real estate broker is the best qualified person to list your property. Listing a property for sale or lease is a specialized job, so employ a professional to create the best image of your unit and execute a quick contract.

How to Choose a Framingham, MA Office Location

The city of Framingham offers a variety of opportunities for people who are searching for office space in the Commonwealth of Massachusetts. It is situated in Middlesex County, and it is also a part of the Greater Boston metropolitan area, particularly the MetroWest subregion. It is in the eastern part of the state and is just 20 miles from the western portion of Boston – between the capital city and Worcester.

Why This Town is an Excellent Choice for Your Business

The location of this city makes it one of the best areas for those looking to run their company here. This area has several expensive neighborhoods, including Edmands Road, Edgell Road, Crossing Boulevard, and Worcester Road. In just a few years, the city also has quite a few communities that have increased in value, including Nobscot, Concord Street, and Cochituate Road. These areas are a great option, especially for those who are looking for a property that they will purchase.

Other neighborhoods that are outstanding options for businesses include Union Avenue, Mount Wayte Avenue, and Saxonville. These parts of the city have continually increasing values, along with Old Connecticut Path and School Street. These areas are excellent for growing businesses – even the startups.

The prices of the properties here keep increasing and have now reached an average of $428,557. From last year, the change has equaled to more than seven percent, and this number is likely to rise at least four percent more this year. The real estate market continues to stay hot for the sellers because buyers keep looking for properties in this area all year round.

The median price per square foot in this city is $267, which is a bit lower than Boston Metro’s average $276 per square foot. On the other hand, rentals are still busy as ever with prices increasing along with the demand. The rents average $2,433, a slightly higher rate than that of Boston Metro’s $2,419.

This area though has a little bit of everything. Small commercial units can be sold for as low as $105K, but there can also be expensive properties that can ask for more than $5 million. It has a great location with abundant shopping sites and even offers excellent access to I-495, Route 128, and the Massachusetts Turnpike, thanks to Route 9. Traffic can be a little brutal, but you can always use that to your advantage when you have a business that is in an area with busy people.

Tips for Selecting Where to Rent or Buy a Commercial Property in This Town

They say that it is all about location, especially for businesspeople aiming to have a thriving company. The city offers several amenities and options for those on the search for a commercial property. The communities in the area currently have a stable economic base, and the neighborhoods offer diversity, which can quickly match the profile of your business, including your target customers.

Workforce availability may also not be a problem because the area has an ample supply of workers whom you can potentially employ. With the city’s accessibility by public transport, you will be able to find some workers, including those who may be willing to travel from other towns. Additionally, employees can see livable and affordable housing options in this place, thanks to the inexpensive options in residential communities.

The city has plenty of properties that you can either lease or purchase. Leasing is a smart option, especially for those who are not capable of paying for a unit in full. It can also be effective for businesspeople that may require some more items for their commercial building before they start their work. For instance, they can use the extra money to fund some equipment in the property or the business itself.

Leasing can cost anywhere from $1 to $3 per square foot every month, but there are also some neighborhoods with higher rates. You can start your search at the Worcester Road where some of the properties offer premium conveniences but still provide you with the opportunity to save some cash.

If you plan to purchase, on the other hand, you can also enjoy some benefits out of your choice. You do not have to worry about annual increases in rent, and you can even get additional income out of the place. It is possible if there is some extra room that you can sublet to other occupants.

How to Advertise Your Office Space

You do not have to go anywhere to promote the property you may want to rent out or sell to other businesspeople. It is easy to place an ad that potential clients will see so that they will be interested in checking out the place. Using the website’s search function, those who are looking for a spot for their business in Framingham will discover your commercial unit and will contact you immediately.

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