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Lowell Office Space

Leasing and Buying Office Space

Lowell in Middlesex County is Massachusetts' 4th largest community, is part of the statistical area of Greater Boston, and is part of the New England region of the Merrimack Valley. The city was initially a planned community for the production of textiles. When most of the textile production relocated to the Southern states, the industry declined, and the mills were left empty. When many of the historic buildings were retrofitted, they became desirable for commercial and mixed use.

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The city's diverse appearance is due to the blend of the historic mill complexes and new, mixed-use buildings, all close to the urban amenities the city has to offer. The attraction of these 1800s-era buildings for investors is that even though they've been converted, they retain a lot of the original brick, hardwood flooring, and expansive, spiral staircases.

Neighborhoods and Geographic Location

The towns that border the city include Billerica, Chelmsford, Dracut, Tewksbury, and Tyngsborough. The Concord and Merrimack Rivers flow around the city, which has several brooks and streams. The community has a central corridor devoted to retail businesses. However, rather than a central business district, companies rent or own space in former mill buildings and office parks. An investor must familiarize themselves with the area and the properties that are available. Most prominent neighborhoods are:

In addition to the two rivers, waterfalls, and riverfront areas, a lush, state forest is part of the landscape.

Leasing Office Space

The commercial business district is the location of many of the city's buildings that were constructed in the 1800s. The structures in this neighborhood with three or four stories, feature storefront display windows and spaces of approximately 762 SF with lease prices of $12.00 per square foot. The units on the city's Merrimack Street overlook the city's bustling activity. Open, spacious interiors feature exposed beams and brick, floor to ceiling windows, and plenty of natural light. One of the options available to tenants in this community is sharing an office space, which is great for a start-up or a small business with a limited budget. Commuter rail lines are just minutes away.

Chelmsford Street is an excellent option to lease an office in a newer building. The street is on Route 110 with the Lowell Connector and Route 495 nearby. Spaces lease for $2,300 per month and have the square footage of 1,200. Commuter rail lines are nearby. Logan International Airport is 37 minutes from the office and Manchester-Boston Regional Airport is 35 minutes away. Properties on Lowe's Way and Westford Street offer tenants the opportunity to lease units in modern buildings constructed of glass, brick, and steel with beautifully appointed entryways and large, open spaces. The price of leases varies depending on the building and location, but some typical prices are $1.17 to $1.42 for approximately 2,000 feet.

Buying Office Space

In the 4th largest city in Massachusetts, numerous options for purchasing commercial properties are available. With the amount of commercial development on the rise in this city, business owners are on the right track when considering this community for their corporate or research headquarters. Even though the city has less than 14 square miles of space, the amount of development is impressive.

Listing Office Space For Lease and Sale

If you want to lease or buy space for your company in a vibrant, rapidly expanding city, you can get the most up-to-date information about the commercial real estate market by signing up with Boston City Properties for the latest listings. When you're searching for property, it can be overwhelming with so many properties available. You can search for listings that suit your price range, amount of space, amenities, or whatever is essential to you. When you find that ideal property, we'll put you in contact with a real estate professional who can assist you.

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