Medford Office Space
Boston is a growing city that is perfect for a growing business, but sometimes finding office space outside of the city is preferred by business owners. Cities such as Medford, which is located in Middlesex County, is a great alternative option where your business can thrive. It is only 3.2 miles from Boston, which means that the city gets plenty of traffic by both road and rail, which brings potential customers to your business.
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Neighborhoods Worth Considering in the Area
Since this is such a large city, there are quite a few neighborhoods that you can consider for your business location. Out of the 12 neighborhoods, the majority of this city has a white-collar workforce, which means that there are professionals, managers, and individuals who work in sales in the area. This is a great workforce for any business, and it ensures that you will be able to find quality employees in the area to help you manage your business.
This is also an artistic area of Massachusetts, which helps create a unique atmosphere that is not often seen in cities. This may be beneficial to some businesses, so if you are looking for a building with a more artistic feel, you may consider one neighborhood over another. Tufts University is also located in this city, which means that the workforce in the area will be plentiful most of the time. Some of the most popular neighborhoods in the area include:
- Medford Square
- South Medford
- West Medford
- Fulton Heights
- Wellington
- Station Landing
- The Hillside
Leasing Space for an Office in the Area
When you are looking for a space for your business, leasing is an option that gives you the flexibility to grow. You can easily rent a space that accommodates a small startup business, and when you begin to hire more employees and more space is needed, you can easily upgrade to a larger space. Some of the most common leased spaces are:
- Startup Space – This is typically a minimalistic space that is great as a first location for most businesses. The leases for these units are typically designed to be short-term, so you will not be tied to a small space when the business starts to grow.
- Shared Space – This is a large space that your company will share with at least one other company. Sharing a space can help save on business essentials like electric, office furniture, a phone answering service, and more.
- Loft Space – Loft space is also becoming more popular in cities near the Boston Metro area. This is an office setting that is great for creative businesses because the lack of walls creates an open space where you and your employees can think freely.
Buying Space for an Office in the Area
If you choose to purchase property in this area for your business, you will find that there are three types of spaces that you can find. These are classified according to the size of the space and the type of amenities that can be found in the building. The three categories are:
- Class A – This is the class of buildings that will be the most prestigious. Typically, these high-rise buildings are located in cities and in areas with a larger population. In general, these buildings were constructed in the last 20 years, which means the amenities inside should be up to date and modern.
- Class B – This class of buildings is slightly older in age. The buildings are typically a few stories, but they tend to be located on the outskirts of most cities. In most cases, they will be less than four stories.
- Class C – These are the oldest business space options in most communities. They are functional buildings, but they may not have an attractive appearance. This is a great space for a startup that simply needs space to use.
Listing Office Space for Lease and Sale
When you own a business space that is becoming too small for your growing business, you may want to consider purchasing a space that can accommodate your employees and the space that you need for your business. This means that you may need to list your space so that you and your business can expand. When you do this, you will need to choose whether you want to sell the property to another party or lease it out to a business that is looking for their own space. To list a space in the area, call 617-247-1933 to speak with a real estate agent at Boston City Properties.
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