Randolph Office Space

With so much growth in the Boston area recently, it does not take a large leap to see that the surrounding towns are growing as well. Randolph, which is a town of over 32,000 residents that is located in Norfolk County, Massachusetts, is a great option to consider. This town is only about 15 miles south of Boston, so it is easy to reach. There are plenty of commercial office spaces in the town, so if you are looking for a new space for your business, this is a great option to consider.

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Neighborhoods in the Area

Before you settle on a new location for your business, you are going to need to look at the neighborhoods that are in the area to see which one accommodates your business needs best. This is an area that has a combination of both white-collar and blue-collar jobs, so there are plenty of office workers, professional, and service providers in the area.

There are five neighborhoods in the area worth considering, which are:

• Chestnut Street
• Oak Street
• Selwyn Road
• North Randolph
• Town Center

Though this is a heavily populated town, this area has a lot of potential, which means that you can easily tap into the real estate options in the area and make a profit. Areas like Chestnut Street and Oak Street are a bit more expensive than the other neighborhoods, but all of them are great places to have a business.

Leasing Space for an Office

When your business is just starting, you will find that leasing gives you a lot more freedom than purchasing property to use as an office. The main thing that makes this a viable option for most is that the initial investment that you need for the space is much lower than when you purchase space. Typically, you are only going to need a security deposit, rather than a 10 to 25 percent deposit. In addition, any lease payments that you make while you are using the property are tax deductible.

Another thing that you will be able to take advantage of when you lease property for your office is that repairs and maintenance will always be done by the owner of the property, which means that if anything needs to be done, you simply let the owner know and move on with your day. Remodels on the property will also be taken care of, which means that you will have more time to focus on your business instead of the building that it is located in.

Many owners will also include things like office furniture, utilities, and an answering service with tenants who lease space in the building. One of the biggest perks of leasing space is that when you are ready to move, you will be able to rent another space with ease.

Buying Space for an Office

If you decide to go all out and purchase space for your new office, then you will have the advantage of building equity that can be used to get a loan when you need to make changes and upgrades to the property. Any changes that you decide to make will be done according to your liking, which means that you have the final say on everything that happens on the property.

The price of your mortgage is going to be fixed, which means that for the full term, you will find that the rate will remain the same. In addition, if you are not using all of the space in the building, you will be able to rent some of it out so that you have a steady flow of income that you can use if you need.

Listing Office Space

When you outgrow the space that you are using for your office, the first thing that you are going to need to do is list the property so that you can upgrade to a more accommodating space. This listing can be to lease the property to another business owner in the area, or it can be to sell the property and use the profit to put a down payment on a new space for your office. Boston City Properties is a great option for listing properties in the Boston Metro area because they know the area, and they will be able to find a buyer or an interested lease quickly. Call today at 617-247-1933.

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