Medfield Office Space
Looking for a small town outside of Boston where your business will thrive? Medfield, which is located in Norfolk Country, is the perfect town to consider. It is only about 17 miles from Boston, which means that you can reach the Financial District in less than 40 minutes. With a population of about 12,000, there will be plenty of potential customers and employees to help your business grow.
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Neighborhoods Worth Considering in the Area
When you search for an area for your business, whether it is a startup or an established business, you will need to consider which neighborhood in this town you want your business to be located. In this area, there are two distinct neighborhoods that you can consider. This area is generally a white-collar town, which means that residents who live in the area are most likely to be professionals who work in office jobs or sales. The two neighborhoods to consider are:
- Town Center – Most of the buildings in this area were built between 1970 and 1999, which means that the buildings are established and functional, instead of the newer high-rises that you may find in Boston's Financial District. This part of the town has quite a bit of space that can be used for an office, which makes it ideal for a business.
- High Street / Granite Street – In this neighborhood, there is a high amount of individuals that are employed as professionals in the area, which means that if you are looking for a space for your business, this is an area with a lot of potential. In fact, the amount of offices in the area helps create a professional atmosphere in the community.
Leasing Space for an Office in the Area
Leasing space is a great option for a business that is just starting up because it is a flexible option that you do not have to commit to for a long period of time. This allows you to see how your business does in the area before you commit to a long-term lease. Here are some of the other advantages of leasing commercial space in the area:
- No Down Payment - Typically, a large down payment is not required to lease a space in the area. You may need to secure the location with a deposit, but the initial investment cost is much less, which means that you will have more money for other aspects of your business.
- Maintenance Covered – When you lease property, the owner of the property is typically going to be in charge of taking care of repairs and maintaining the building, which means that you will not need to worry about issues that may naturally occur as the building ages. In fact, when you lease a commercial property, it is highly likely that the owner will take care of utility expenses for the entire building. This will include electric, heat, and hot water, but some locations even throw in high-speed internet and other business essential.
- Allows Room to Grow – If you lease property, you will be able to choose a property that fits your business needs at this point in time. When your business grows, you can easily move to another location within the town that is able to accommodate your needs better. If you need help finding a new office space, call Boston City Properties today at 617-247-1933.
Buying Space for an Office in the Area
Buying space for an office is also a great option to consider, especially if you want to have complete control over the space and what you do with it when it pertains to your business. Some of the benefits of owning the space are:
- Ability to Earn Rental Income – When you own space for your office, you are going to want to purchase a space that is large enough to accommodate your growth. In most cases, this space will not be used for a while, so if you want to make a bit of extra income, you can rent out the space that is not being used by your company.
- Steady Payments – When you own the property, the price that you pay for your mortgage is going to remain the same for the duration of the mortgage. When you lease property, you may find the rent increases each time you renew the lease.
- Build Equity – If you own property, you will be able to build equity. This can be used as collateral in the event that you need to take out a loan for your business.
Listing Office Space for Lease and Sale
Once a business outgrows the space that it is in, it is a good idea to move to a location that is more suited to your needs. This means that you will either need to sell the space that you were using, or you can lease it out to another business and continue to own it. If you need help listing a space, Boston City Properties can help. We have a team of professionals that know the area and can help you find a new tenant to lease or purchase the space. Call today at 617-247-1933.
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