Gloucester Office Space

The town of Gloucester is in Essex County situated on the eastern end of Cape Ann 31 miles from Boston and is part of Massachusetts’ North Shore, which is a coastal area between Boston and New Hampshire. MBTA has a commuter rail service operating from the town and terminating at Boston’s North Station. (CATA) The Cape Ann Transportation Authority operates a bus service to several towns nearby.

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Most of the coastline consists of rocky shores, marshes, natural harbors and several beautiful beaches. One of the country’s first major fishing communities, the town today is still engrossed in that fine tradition along with a center for research on marine life. The town’s harbor is made up of several small coves and a Fisherman’s Memorial statue, engraved with the names of many fishermen lost at sea, stands proud on Western Harbor, one of the smaller coves. Inner harbor is home to the town’s fishing fleet.

The town has many beautiful beaches some rocky, some close to downtown with public restrooms, and others with dunes and sugary, silver sand, but very few have free parking. Be prepared to pay up to $30 at some of the beach parking lots. The half mile stretch of Wingaersheek Beach on the north of the Cape graces the shores of the Annisquam River, which runs through the center of the town, and has a long sandbar perfect for an evening stroll when the tide is out.

Ravenswood Park is one of the towns three parks and has wide, well laid out, shady trails suitable for all abilities. The park is good for family walking or off-leash dog walking and is marked with permanent maps to guide the way. The smaller Stage Fort Park has more recreational facilities. There are two baseball fields, a picnic area, a playground and two beaches. The park's best known feature is a geological rock, 200 feet wide and 60 feet high.

With Gloucester being a double coastal town, visitors flock to the area for weekends or summer vacations. Its close proximity to Boston is a big draw, so new businesses are developing at a rapid rate. Leasing office space is a good way to set up business in a different town. Each town has varying zoned areas, so checking with the local Chamber of Commerce will ascertain you lease a property in an area zoned for your type of business. Some companies lease furnished space and this is a good way for smaller companies to start in a new town . Commercial leases are generally for a minimum of one year, although some landlords might lease for less. One advantage of leasing is the ability to move to a larger office space when the lease is up or to lock in the rent rate for future years. To lease a 1200 sq. ft. space near the east coast of the town will cost around $2,000 per month. A larger 3,600 sq. ft unit in the same building will cost around $6,000 per month.

If you have the resources of a parent company when you diversify, it creates the chance to purchase property. Many companies prefer this as it gives them solidarity in the neighborhood and can create better cash flow if they decide to lease an unused part of the building. Buying property with acreage is generally a good investment. In the future the company can apply for planning permission to add more square footage to the existing building. The cost of buying a 6,500 sq. ft. unit in the southern part of town, close to the harbor, will be around $840,000. With a substantial deposit, monthly mortgage payments could end up much less than the monthly rent for a unit of the same size.

Making a quick sale on a property can all depend on the way the property is presented when it is listed. A good, local realtor will photograph the building from the best possible angle and generate an accurate description making it very sale worthy for prospective buyers. The same applies to building owners who want to lease all or part of their property. The way the listing is handled is a very important part of any real estate transaction. Sales and leasing of units marketed by a commercial real estate broker presents the seller or lessor in a more professional light to prospective clients.

Simple Guide to Your Search for Office Space in Gloucester, MA

A city in Cape Ann in the city of Massachusetts, Gloucester is located in Essex County and a part of the North Shore of the state. This area was once known for its fishing industry and is a favorite destination during the summer season. These days, many businesses begin here, while others go to this place to look for an office space.

The city has an urban core, particularly on the northern part of the harbor. The neighborhoods that are a part of this area but are distant include Annisquam, Lanesville, Bay View, and Folly Cove. While a lot of the city is made up of water, it has plenty of structures that are best designed for new and existing businesses.

Some of the most expensive neighborhoods that continue to increase in value are Riverview, Magnolia that extends to the western part of the town, and Annisquam. The East is considered the fastest appreciating neighborhood, which may be one of the best options for those who would like to purchase a home for their business in this city.

Meanwhile, if you intend to rent, Bass Rocks in the eastern part of the town is also a good choice because of the expensive properties here. You can afford them much easier if you lease rather than purchase.

Choosing Your Office Space to Lease or Buy

You will find buildings in this town that are classified based on three letters: A, B, and C. The categories have meanings in which A denotes that a structure is prestigious with its high-quality finishes and facilities. Of course, you should expect that the rent or the price of the building is higher than the other categories.

An example is a unit in Main Street that was on the market for a lessee. The rental price was equal to $58,000+ per month, but the renting company will enjoy several benefits, including Internet connection, elevator, and expansive room. It is also located in a good neighborhood that offers a lot of transit options, which is useful for the employees in the building.

Meanwhile, a class B unit has average finishes, facilities, and rent. If you do not worry about the affordability of the building, but at the same time, your company does not something that is quite extravagant, this classification may be the best choice for you.

Lastly, a building classified as C is a basic one that is aimed at providing rooms for tenants who only need functional workplaces. This type of structure or unit asks for below average rents for the area. The good news is you can find several buildings that belong in this category. Typically, it is easy to afford them, especially if they are warehouses because they are more affordable than other buildings.

A warehouse that you can use as your workplace has many benefits, including the fact that it will cost you less. You can find such units that are offered for less than one dollar per square foot every month.

For instance, this industrial property that was available in Kondelin Road had a rate of just $0.38 per square foot per month. Two units were up for rent where one of them had a total measurement of 49K square feet.

This type of property is excellent for businesses that require huge rooms without asking them to pay more than they can afford. This way, they can use the extra cash they might have to pay for other things, including equipment, furnishings, and improvements.

Listing the Property

Whether you are looking for a unit for your business or you want to lease or sell the property you currently have, you do not have to go anywhere else. You can find what you are searching for on this website. If it is a potential lessee or buyer that you would want to contact you for the unit you have, we can help you target the right client.

When you market the property, you should know your business goals. It will be easier to draw up a plan for the building that you would like someone to purchase or rent out. Gloucester has neighborhoods where companies can thrive. You can choose the rates for the property you are leasing or selling in line with the current prices in the market here.

The median price of the properties here is around $364K. The town is mostly accessible by car and other transit options. However, it can also be walkable, and you can choose a neighborhood that will allow employees and clients to reach the place without much difficulty.

When you list the unit, you should think about how to advertise it, including what influences the region, which may include the upcoming projects and the employment trends. We can help you attract tenants and buyers no matter how fierce the competition is in this city.

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