Georgetown Office Space

The town of Georgetown is in Essex County Massachusetts located 28 miles north of Boston. MBTA offers no commuter rail service to this area, but travel by I-95 or US Routes 133 and 97 is an easy 30 minute drive to the city. There is a commuter bus service to Boston that leaves from the town’s Central Street Park and Ride with a choice of buying one way rides, 10 rides or 20 ride prices for regular commuters.

Search Office Space

Georgetown-Rowley State Forest straddles I-95 and is popular with locals and visitors for its many trails for hiking, walking, mountain biking and hunting, (with restrictions.) Many visit the forest in winter for cross-country skiing and snowmobiling. For “gentle” fishing, Rock Pond has a boat ramp for small craft and canoes for catching and releasing fish. Parking is available close by and the pond area is quiet, picturesque and a great place for observing wildlife. The town also has a small conservation area with parking, restrooms, a picnic area and a lakeside beach.

This small, friendly town has many unique shops, casual and fine dining, great schools and a theatre workshop. Many local events take place throughout the year, arts and crafts, street entertainment and of course firework displays on and around the 4th of July. Georgetown is renowned for its unspoiled rustic charm and yet it is only “a stone’s throw” from Boston for those special events or family celebrations. Its rural appeal has resulted in the location for at least one movie in 2008, which featured several, major movie stars.

With more people moving away from big cities to seek a less stressful life, so more businesses are needed to fulfill the town’s residents' needs. The growing technology world has allowed companies to expand their business to offices in smaller towns. For some production companies on industrial parks, it is easier to lease an office in the center of town rather than have transactions completed at their work site. Leasing office space is an enormous help for newly founded companies without the cash flow to purchase property. Once they have become established and need more space, they have the opportunity to buy or relocate to a larger space.

Leasing a small 758 sq. ft. office in the town center will cost from $975 to $1,155 per month and a larger 3,600 sq. ft. space on a plaza will be priced at between $3,000 to $4,200 per month. Some office space is zoned for either retail or office use, so depending on your type of business, you will have a bigger choice of accommodation.

Corporations sometimes prefer to purchase property or even buy acreage that is zoned for office use. This gives them the opportunity to alter the layout of the interior of the building, which would not be allowed if they were leasing. Buying a two story property and only using the first floor for their own use, lets a company lease the upper floor until their business needs the extra space for expansion. More than likely, the property will increase in value, and as the town grows, so will the value of their investment. The cost of buying a 2,500 sq. ft. unit in a former residence on the outskirts of town will cost around $500,00.

Whether a conglomerate decides to buy or lease property will depend on the company’s preferences and monetary situation. Most start-up businesses prefer to lease leaving them the option to purchase space as their client base and company prospers. Property investors need the same amount of publicity when they have space to lease. Living in the town where you want to lease a unit is quite a simple procedure, but when out of town companies need space, realtors’ websites are their first port of call.

Smaller town companies that have grown and flourished sometimes yearn for big city life and decide to sell their property. Sellers now have more exposure when their property is listed mostly due to the Internet. Businesses looking to move location have the ability to access realtors’ websites and check out availability. Listing your business with a local, real estate broker who deals in commercial property will triple your chance of a quick sale. The image and description of your property the realtor projects has a big impact on the chance of a sale.

Choosing an Office Space in Georgetown, MA

The right location can definitely have a positive impact on your business. If you plan to move or start your company in Georgetown, MA, it can be beneficial for you for plenty of reasons. Although it is a small and quiet town, it has a lot to offer, especially for thriving firms. East Main Street is one of the neighborhoods in this area that has some busy shops where people flock to whenever they need to buy some items.

The abundance of housing developments also makes the town a great location to begin an investment. Its location is convenient in which it is a part of Essex County and just about 28 miles from Boston. Additionally, other flourishing towns surround this place, including Lawrence, Groveland, Newbury, and Boxford.

For commuters, the location of the town is merely advantageous for them. It is just along the corridor of Interstate 95, which provides easy access to other cities in the county. Plus, there are nearby attractions, including those that are such a massive hit for basketball and football fans. This town is also family-friendly, which may be useful for you if your business targets parents or kids.

The area can also be accessed through Route 133, which crosses the town from east to west. Route 97 also passes here from the northwestern region to the southern part. These state routes have the same short stretch of the path near the center of the town. There is currently no mass transit here, but the nearest rail service is just in Rowley through the Newbury/Rockport Line.

Looking for Business Property to Lease or Purchase

If you are in the market for a home for your company in this town, you should understand that what you choose is vital to your business. It will affect the operations that you perform on the day and your staff morale may also be influenced. Your brand image will also have some changes, which can turn out pretty badly if you select the wrong area.

This town will not disappoint, whether you choose to lease or purchase. Typically, the choice between renting and buying will have something to do with your budget. However, you should also consider other factors, including the advantages and the disadvantages of one over the other. Once you have selected to purchase or to lease, you should be able to narrow down the places in this town based on where you would like to start your business.

The average value of properties here is around $457,236. It is believed that this number will continue to rise with a chance to reach 4.1% hike by next year. Purchasing a property can, therefore, be beneficial for you because of the appreciation of property values in this town. It is important to note though that some cities increase in cost more than others. If you intend to buy, neighborhoods, such as the town center, Thurlow Street, and North Street are your best options.

The health of the real estate market in this town appears to be genuinely healthy. From the increasing values of properties to the low prevalence of foreclosures and resale to structures with negative equity and those that are delinquent, the office spaces here sell faster than the other nearby areas. There is a balance here when it comes to whether this area is a sellers’ or a buyers’ market. Both groups can benefit from the real estate market in this town.

As for renting, the properties are typically available for rent for $2,354 monthly, which is lower than the prices in most of Boston Metro area.

Location is undoubtedly one of the essential factors that you should consider as you select the place where you will conduct your business transactions. If you will deal with clients on a regular basis, it makes sense to go for a neighborhood that they can access without problems. Of course, if you will hire employees, they should also be able to get to work easily.

How to Advertise Your Office Space

Just like with deciding to purchase or lease, selling a commercial property can be quite tricky. If you have a property on the market, you may find that you have some competitors in Georgetown. You want to make sure that your building is attractive to your potential clients and the best way to do that is to show them exactly what they can get out of the location.

Marketing does not have to be difficult, but often, many companies fail to achieve results. It is why we offer you guidance on how to promote your unit or building to the right people and the right business. Lastly, your goal is not just to attract tenants or buyers but also to retain them. In this case, you should provide honest and precise details about the property that you would like them to lease or purchase.

Search Office Space