Medway Office Space

Medway is a town in Massachusetts that is perfectly located between three major cities, which makes it a great location for a growing business. At about 35 miles from Boston, Worchester, and Providence, customers will easily be able to access a business in this town, especially considering that there nearby trains that commuters can use to get to this town.

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Neighborhoods Worth Considering in the Area

Before you decide where you want your business to be, it is imperative to consider the different neighborhoods in the area to see which one is going to be best for your business. There are two constituent neighborhoods in this area, which are:

• Town Center – This is a historic area of the town, which means that the homes and many of the other buildings that are located here were built before the year 1939. This is a wealthy area of Massachusetts where residents have a variety of professional occupations.
• Camp Breezy Meadow – This is the newer section of town, so if you are looking for a space that is more upscale, this is a great option for you to consider. This is an area where there are a good amount of residents who work as executives and professionals in management.

Leasing Space for an Office in the Area

For a small business that you are hoping to expand in the next few years, leasing is a great option that you should consider. This option allows you to commit to a lease for a short period of time, so when you are ready to expand your space, you can easily move your business to a location that is more appropriate for your business. What are some other benefits that you can experience when you lease a space?

• Less of an Initial Investment – When you lease property, you are only going to need a security deposit, which is only a month or two of the rent that is agreed upon, not 25 percent of the value of the home or more.
• Management Taken Care Of – When you lease space for your office, you will not need to manage the repairs and remodeling that needs to be done in the space. Sometimes, the owner will even take care of utilities, cleaning, and other business essentials.
• Easy to Change Locations - Since you will not be renting a space, you don't need to worry about what you need to do when you outgrow the space; simply find a space that accommodates your office.

Buying Space for an Office in the Area

If you don't like the idea of leasing property for your business, then you can always find a location that fits your needs to purchase. This option may not be for everyone, but it has quite a few benefits that you should consider, which are:

• Additional Income – If your business is small, you may not use all of the space in the office that you purchase. If you find that you have excessive space, you can always rent out the space that you are not using to another business in the area that needs it. This is called a shared space, and many startups consider it a great option.
• Stable Mortgage Payments – When you purchase commercial space, your mortgage will typically be a fixed amount that is set over a period of time. This means that you will not need to consider rent increases as time goes by, and the interest payments that you make on the property will be tax deductible.

Listing Office Space for Lease and Sale

Does it feel like your office is too small for your business? Are you finding that you are often asking your employees to work from home because the office space is limited? Do your employees share desk space? If this sounds like your office, then it may be time to look for a larger location for your business.

If you purchased the space that you currently own, you are going to have to decide whether you want to lease the property to another business in need or sell it. Selling it will provide you with money to purchase a new location for your office, but if you lease it, you will have additional income to help your business grow. Whatever you decide to do, having professional help listing your space will help you get the best price possible, so call Boston City Properties today for representation.

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