Pepperell Office Space

While Boston is a great place to start a business, there are many opportunities in the surrounding towns and suburbs that could offer a great location for a business. Pepperell, Massachusetts, which is a town with a population of roughly 12,000 individuals, is a great location to consider, especially if you want to be near the northern border of the state.

Search Office Space

Neighborhoods in the Area

There are quite a few reasons to choose a neighborhood in this town for your new business location, but the main reason to move to a town like this one is that the neighborhoods match your base, which means that the residents in the area will enjoy your niche and bring business to your office. Many of the residents in the area are interested in math and computer-related topics, so consider this when deciding which area is best for your office. In this area of the state, there are three constituent neighborhoods that you should consider for your business, which are:

• Town Center
• Four Corners
• East Pepperell
• Leasing Space for an Office

Have you been considering leasing your next office location? Well, there are quite a few options that you can consider when it comes to the type of lease that you want to get. Consider all of the options before settling on one option so that you can find the most beneficial option. Leasing options include:

• Net Lease – This is an option that is great for someone who is not looking to pay a lot for rent. It includes the bare minimum in the lease, and if you want maintenance concerns taken care of, you can add it on for an additional cost. Most business owners opt to get a triple net lease that combines the utilities, maintenance, and operating expenses into one package.
• Full-Service Lease – This is an option that includes everything that you may need for your business. The amount of rent that you pay may be a little bit higher with this option, but there are not going to be any additional concerns for you to worry about.
• Modified Gross Lease – This is an option that is designed to benefit both parties. The lease includes the price of property taxes, insurance, and maintenance, but the price is a fixed amount. This means that if the cost of the utilities goes down a month, the owner gets to keep the additional amount that is not needed for maintaining the property.

Buying Space for an Office

When you purchase space for your office, there are quite a few advantages to consider that may make this option a better one than leasing space. When you decide to purchase space, you can either purchase a space or an entire building, but the result is the same: you will own property, and not worry about things like:

• Equity – When you own property, you automatically build up equity. This means that when it is time for you to expand your business, you will be able to borrow against it to get the funds that you need to make the upgrades and increase the value of the property.
• An Increase in Costs – When you own the property, you will not need to worry about the mortgage increasing each year as you would with leased property. Of course, you can get a mortgage that varies, but most business owners opt for a fixed mortgage.
• Not Making Your Mortgage – If you have a large amount of space that you are not using, then you will be able to rent out spaces within the building to local companies that are looking for an office in the area. When you have a few businesses that are paying you rent, you will be able to cover the mortgage and the costs of any maintenance and repair needs with ease.

Listing Office Space

When you are looking to expand your business, you are going to need to figure out the best course of action for the old space. If you want to get rid of the property, you can list it to be sold, but if there is still a lot of potential in the property, you may also want to opt for leasing the property out for local business owners who need space in the area. If you need help listing your property, call 617-247-1933 so that one of our representatives at Boston City Properties can help streamline the process.

Search Office Space