Princeton Office Space

Located in Worcester County, the town of Princeton, Massachusetts, is a small town that is known for its wealthy residents and its housing costs, which are among the highest in the country. If you're looking for a location in which to open up an office, this town makes for a unique opportunity – the majority of the residents are trained for white-collar positions and the vast majority of them work in fields that are dependent on computers.

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The town has a few office parks and buildings that can provide space for an entrepreneur, and many of these options are available for rent or purchase as well.

Neighborhoods in the Area

Once you've picked a town, it's always a good idea to find out which neighborhoods are available because different neighborhoods can present different opportunities for businesses. As a smaller town, Princeton doesn't have much in the way of distinct neighborhoods. In fact, the town only has a populace of 3,462 people, which makes the town one of the smallest in the state.

Despite this, the town definitely has its share of commercial possibilities for anyone looking to establish an office here, and the available workforce in town can provide some top-tier employees for just about any office.

Leasing Space for an Office

When you opt to lease your commercial space, you'll often find that there are many benefits to these types of rental agreements. In fact, it's not uncommon for landlords to throw in add-ons that can help sweeten the deal. These can include:

• Utilities – This can significantly reduce the costs associated with running an office. While not every office will provide every utility, just having a few covered can really make a difference.
• Internet – Today, just about every business is dependent, in some way or another, on the internet. Having a free service offered by the building management can certainly save you a lot of money dealing with ISPs. That being said, if your business is at all internet-based, you may need a faster service than what is offered by the landlord.
• Conference Rooms – This is very advantageous if you have an office that often has teleconferenced meetings with clients or with other branches of your business. This is also very convenient for anyone that likes to have daily "stand ups" with employees. Many properties will require that you book conference room time, but this is typically a very simple process.

Buying Space for an Office

Buying a space like this definitely has its share of advantages. When you're thinking to purchase a commercial space, there are a few things that you should do before you settle on a purchase:

• Execute Due Diligence – If you're planning on buying a property, you'll need to definitely do some research so that you can make the right purchase. Never be afraid to physically visit the properties that you're interested in; doing so can help you see how well the property would work as an office for your business. Also, ask the current owner for records so that you can get an idea how well the property works for businesses.
• Check Out Less Desirable Buildings – Every property doesn't have to be a Class A commercial space. Sometimes, you just need a nice Class C property that can provide your business with a location in which to do business. Keep an eye out for properties that have been vacant for a while; you can end up saving a lot of your cash.
• Don't Be Afraid to Negotiate – You'd be surprised at how low owners will be willing to go for a particular property, which is why you should always be ready to negotiate. Hiring a brokerage like Boston City Properties is also a great way to go about this because typically, a brokerage understands the surrounding market.
• Know Exactly How Much Space You'll Need – People have a tendency to err on the larger, but for this type of commercial space, it's a good idea to opt for exactly how much space you'll need. Remember, for the most part, purchased office space is by the square foot, so don't be afraid to go for a slightly smaller space in order to save money.

Listing Office Space

Do you have some commercial space that you wouldn't mind selling or leasing off? This is an excellent way to make a nice lump sum or generate steady cash flow, but the listing process can be somewhat complicated. For this reason, contact Boston City Properties so that we can help you get your property properly listed. Give us a call at 617-247-1933.

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