Middleboro Office Space

If you're looking to base your business in a beautiful suburban Massachusetts town, Middleboro, MA, is an excellent choice. Sometimes spelled Middleborough, the town has a thriving population of almost 25,000, which means that you shouldn't have too much trouble tapping the local populace for plenty of business opportunities. Do you have clients that may need to visit you from time to time? This town is in relatively close proximity to Boston, so reaching your offices should be very easy for any of your clients.

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Neighborhoods Worth Considering in the Area

Finding a new location for your office isn't easy, especially when a town has multiple neighborhoods that each has its own pros and cons. Simply put, location is everything, so it's crucial to really get to know what neighborhoods are available and what kinds of business markets are there to capitalize on. This town is a mid-sized town, so it only has four neighborhoods, which include:

• Town Center – In this neighborhood, sales professionals are everywhere. In fact, 37.4 percent of the population has executive, management, and professional skills which can be perfect for an office position. Additionally, this is a wealthy neighborhood, so clients and customers will tend to have the capital to work with your business.
• Lakeside / Rock – The majority of residents here are upper-middle class, which means that many of the people here are well adjusted to office work. Additionally, while this is considered rural neighborhood, there are still more than a few opportunities for office space rental or purchase.
• Middleboro – There are more than a few older buildings in this neighborhood that span back to the 1930s, and many of these buildings have more than a few options for office commercial real estate. There are owners and renters living in this suburban area, so there are plenty of options for employees.
• The Green – If you're looking for newer construction, The Green has its share of recently-built buildings. This means that any offices in the area will have plenty of amenities that can enhance your business processes. This part of town also has a fairly urban feel, which is good for offices.

Leasing Space for an Office in the Area

Wondering if you should lease rather than buy your space? There are a few excellent benefits to leasing, especially considering that rent paid for commercial space is actually tax deductible. This type of arrangement also benefits business owners that are thinking to potentially move within a few years; leasing means that you can simply break the lease and move when needed without losing a lot.

This type of rental option also has the benefit of not costing a down payment, which can be somewhat constraining for those that opt to buy. When purchasing space, you'll have to leave a 10 to 30 percent down payment, which can be a large investment. With a lease, you simply need to sign an agreement and pay a deposit that usually amounts to a month's rent.

It's also important to note that leasing commercial space tends to come with fairly specialized leases; not only are business leases typically longer term than other leasing options, but you can also choose from things like modified gross leases, which locks in a lease rate, which is fairly easy for renters.

Finally, leasing frees you up from a lot of the responsibility that comes with owning a commercial office property. With a lease, you'll never have to find your own maintenance company, you won't have to keep track of changing tax rates, and you can even sublet some of your space to help manage the month-to-month costs.

Buying Space for an Office in the Area

It's also a very viable option to simply purchase the space for your startup or small business. Purchasing brings with it several bonuses, and if you buy a large enough property, you can even treat your purchased space as a multi-business space where you can charge rent for the other small businesses that are using your units. Cash flow is always important to business owners, and having additional renters in your space can provide good capitalization and quicker returns on your investment.

Additionally, you'll never be subject to rent increases; you'll own the property, so all you'll have to be concerned about is paying off your mortgage, insurance, and property taxes. This means that, over time, that you'll have a fairly steady monthly expense cost that'll be less and less stressful as the years go by.

Finally, owning your own office builds equity that you can eventually borrow against when it's time to move locations or expand.

Listing Office Space for Lease and Sale

Do you have property that you'd like to lease or sell to business owners? This is a great way to make extra cash flow, but it's important to know which steps to follow. Contact us at Boston City Properties; we know what it takes to list property of this type in a suburban town like this one.

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