Millbury Office Space

When you are looking for a location in the state for your new office space, there are plenty of towns to select from, but one of the most centralized towns in Worcester County is Millbury. It is a town with about 13,500 residents, and it is a great option for many businesses to explore. With Worcester minutes away from the town and Boston a mere 40 miles by car, this is the ideal place for a growing business to form its roots.

Search Office Space

Neighborhoods Worth Considering in the Area

One of the determining factors for whether a business is successful or not is the neighborhood that it is located in. A space that is great for a graphic design studio may not be the best location for another business. There are three neighborhoods in this area to consider before you choose a space for your business, which are:

• Old Common / Bramanville – This is a neighborhood where residents have an upper-middle income level, which means that if you have a niche that is useful to the individuals who live here, your business will thrive. In addition, many of the of the residents here use their own private vehicles to get to work and other locations, which means reaching your business will be simple.
• Dorothy Pond / Dorothy Manor – This neighborhood is has a lot of buildings that were established between 1970 and 1999, which means that most of the buildings that you can purchase or rent space in are going to be a Class B space with up to four floors.
• Town Center – This is the older part of town, which means that there are quite a few buildings in the area that were built before 1939. This is a feature that adds character to an area, and it can really add artistic flavor to a business.

Leasing Space for an Office in the Area

Leasing a space for your business in this town is going to be a more flexible option, especially if you plan on your business expanding. When you lease a space, you can rent a space that accommodates your business, which means that you will spend less to get started. There is no down payment to worry about, only a deposit that is designed to secure the space that you want. In addition, when your business outgrows the space, you will be able to easily move to another space that better accommodates your needs.

In this area, there are quite a few options available for your business. You can consider a temporary office space that is designed to be a short-term solution to your business needs. This is great for a startup, and it makes transitioning to a larger space simpler. There are also loft spaces that are designed for smaller businesses as well as shared spaces, which can help a new business owner save money when they are attempting to build their business. One of the benefits that's not often considered when you think of leasing a space is the things that are going to be included that can save you money. Many owners will cover things such as electric, trash removal, internet, an answering service, and more.

Buying Space for an Office in the Area

If you are ready for a permanent location for your business, then space for an office can be purchased instead of leased. This option is great for building your portfolio, and it provides you with collateral that you can borrow against if you need to take out a loan. This can be beneficial for upgrading the property or simply making repairs that need to be completed. Before you purchase a space, you are going to need to consider whether you want a Class A, a Class B, or a Class C property. In most towns of this size, you will find that the majority of your options fall into the Class B category, but there will often be options in the other categories as well.

Listing Office Space for Lease and Sale

Listing office space in this area can be intimidating, especially if you are unfamiliar with the current market. Typically, you will need to decide whether you will be leasing the space to a new up and coming business, or if you prefer to sell it outright. There are advantages and disadvantages to both, so if you need help deciding which is going to be the most profitable for your business, contact Boston City Properties today at 617-247-1933.

Search Office Space