Marshfield, MA Business Space

This town is located in Plymouth County. It had a population of 25,132 in the 2010 U.S. Census. The community lies on the Atlantic Ocean, where Cape Cod Bay and Massachusetts Bay meet. It has a total area of 31.74 square-miles, with over 89% being made up of land. The town is a South Shore community lying 29 miles southeast of Boston.

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A Great Place for Business Space

Situated on the coast with many beaches, the town is a popular tourist destination in the summer. The local population swells to nearly 40,000 during the tourist season. This makes it a great location to invest in business space. Annually, tourism brings in $595,150,000 into Plymouth County and creates 3,930 jobs.

Neighborhoods of the Community

The town has five neighborhoods. The following is a brief description of each:

Green Harbor/Cedar Crest

This neighborhood is in the southern edge of the community. It is the least-expensive area of town for real estate prices with a median price of $406,054. The southeastern part of the neighborhood borders Cape Cod Bay and includes the northern tip of Duxbury Beach.

Brant Rock/Ocean Bluff

This is the southeastern edge of town that borders the Atlantic Ocean. Real estate property in this area has been constructed mainly before 1969, and the median price is $457,505. This is the second-least expensive property area in town. It is also a neighborhood that has many seasonal residents with several homes serving as summer residences due to its location on the waterfront. Rexhame Beach is located in the northern part of this neighborhood.

Town Center

This neighborhood is located in the southwestern corner of the community. The town’s country club is in the middle of the neighborhood, with Wildlands Trust-Pudding Hill Reservation area in the northern edge.

Marshfield Hills

This section of town is located in the northeastern corner of the area. Rexhame Beach is located on its eastern side, and the South River and South River Marsh are on its southern border. The Rivermoor Habitat Park lies just north of this neighborhood, and the English Salt Marsh is in the northeastern area of this section.

North Marshfield/Standish

This is the northwestern area of the community. It is the most expensive area of town for real estate, with the median property price over 50% higher than the Green Harbor/Cedar Crest neighborhood. Several conservation areas are located in this neighborhood, such as the Oak Street Woodland, Wildlands Trust-Phillips Farm Preserve, Cornhill Woodland, and the Stetson Meadows.

Leasing Business Property

The business space available for lease in the town offers prospective tenants several options. Recently, seven properties have been listed on the market. These have ranged in price from an 800 square-foot space listed at $1200 a month to a 1,402 square-foot space listed for $1752 a month. Many of the business spaces are located in larger, multi-unit complexes that have been constructed since 1960. The walk score of the properties ranged from a car-dependent 20 to somewhat-walkable 63.

Buying Business Property

The town recently had four business properties for sale. These ranged from a 3,041 square foot building listed at $675,000 to a multi-space 6,000 square-foot building listed at $3.2 million. A good example of the type of business space for sale in the town is a 1954 one-story building with two units. It had a walk score of 61 and a transit score of 19.

Listing Business Property

The combination of a limited supply of business space with the strong tourism business makes this a good time to list business property in the town. Market experts recommend that sellers of business space understand the special characteristics of such property. “Emphasize the area’s demographics, traffic counts, accessibility and parking…. Also, showcase neighboring traffic generators like super centers, grocers and banks. The busier the area, the better the location will look to buyers.” The most important advantage a seller can have when listing business space in this area is a property agent who understands the community and is an expert in commercial real estate.

The best explanation for the strength of the business property market in this town is summed up by one resident’s description: “Friendly people, amazing beaches and top notch restaurants all nestled in this ocean community along the South Shore.”

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