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How to Select a Retail Space in Newbury, MA

Newbury is one of the towns in Essex County in Massachusetts where you can find picturesque villages, including Old Town, Byfield, and Plum Island. It is important not to get confused with this place and Newburyport, which is an area that borders this town to the north.

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Retail Space

Why Choose This Town for Your Business

Its location is quite appealing for business owners who are searching for a new site for their shop. If you are among them, you may be interested in the fact that this town is more than 11% made of water. In some cases, this particular detail may be beneficial for you. For instance, if you are running a restaurant and you plan to provide a unique place, you can offer an idyllic site for your patrons with a waterfront view.

The town is situated along the Atlantic Ocean, with a small part of Groveland bordering it to the west, as well as Georgetown, and Rowley, which are by the southwest and the south respectively. This place is just 32 miles from Boston and is less than 20 miles from Salem.

This town lies right at the southern mouth of the Merrimack River. Most parts of the land area are comprised of marshes, which the government protects, including the Parker River National Wildlife Refuge, Kents Island Wildlife Management Area, and the Old Town Hill Reservation Area. These lands may provide you some help as you look for patrons for your business.

How to Choose from the Properties for Lease and Sale

The town offers an adequate number of units that you can rent or purchase. Green Street is one of the neighborhoods that you may want to consider. You will mostly find office spaces here that come with retail sites at the first level of the building. In this area, the properties typically run for $28 to $32 per square foot (per year if you will rent), which is the median list price for class B buildings.

Many of the building sizes in the neighborhood can give more than 5,000 square feet of total room for businesses. Although the place is dependent on cars and has minimal transit, it is one of the best locations in this town. Plus, the properties here are indeed more affordable than most other areas.

The town has quite a few buildings constructed for businesses that provide professional services. You will find many old structures scattered all over various communities, but you will also find new retail properties that may be more suitable for your firm than the old ones.

Newburyport Turnpike is also a good choice if you cannot find what you are searching in Green Street. This area has mostly industrial properties for sale and lease, but you will see some buildings that are newly built that work for shops.

If this town is indeed the location that you want for your company, it is possible that you will thrive here, especially if you choose your shop’s site correctly. Serial entrepreneurs are all around the area, and it may be difficult to compete. However, you can use this fact to your advantage since you can also learn from them.

Going for an expansive room for your shop may be tempting. However, if your budget is limit, you should only go to the site that you know you can afford. At the same time, it should also benefit your business.

List Your Property

Business owners are advised to consider the size of their company first as well as their budget requirements. These aspects can help guide them as they search for the best space for their products or services. If you believe that you have the suitable unit for retailers in Newbury, it is time for you to let them know about it.

For buyers or lessees, it is essential for them that they discover where their business should be situated. In your case as a building owner or a landlord, you want to provide the reasons why they should choose your property over the other options available.

Businesspeople are quite smart now, especially when it comes to their search for the right spot for their store. They have a realistic budget, and they plan to stick with it. Although their financial capacity is not the only thing that matters, you should know how to attract these potential tenants. Give them appealing reasons as to why they should go for your unit over the rest of the other choices in this town. We can help you influence their buying or leasing decisions by making sure that potential occupants can locate your place.

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Retail Space