Raynham Office Space
Raynham, which is a small town in Bristol County, is a location that is ideal for a small startup or a growing business. Even though this is a small town of about 14,000 people, it is an area that has a lot of potential. The town itself is only about 32 miles south of Boston, but this close vicinity to the city is part of what makes this town a great location for a business. So, if you are looking for a suburban location near Boston for your new business location, consider this small town.
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Neighborhoods in the Area
As you most likely know, location is everything, especially when you are trying to create a foothold for a relatively new business. In this area of Massachusetts, there are two constituent neighborhoods that you can consider, which are:
- Town Center – This is the more expensive portion of the area that can be located in the northern part of town. There are mostly Class B office buildings in this neighborhood, but if you are looking for a little more extravagance, there are more options in the area worth exploring.
- Raynham Center – This is an area of town that is a little less expensive, but it holds the same type of buildings and opportunities as the other neighborhood that is located here.
Leasing Space for an Office
Leasing property is a great option, especially if you want your experience running your business to be easy to manage. There are quite a few advantages that you will experience by leasing space for an office, but some of the most beneficial are:
- A Lower Initial Investment – When you lease, you are not required to make a down payment on the full price of the space, which means that you will be required to put far less down on the property. A security deposit is still going to be needed, but it is not going to be a large investment like it would be when you purchase the space.
- No Maintenance – When you lease property, you are not going to be required to maintain, repair, or remodel the property. This is typically going to be the job of the owner, so if you find that something needs to be fixed, contact the owner.
- Easy to Move – If you find that the space that you are using is getting to be too small, then you will be able to move to another office space without being tied to a long-term lease or a mortgage.
Buying Space for an Office
If you are able to drop 10 to 25 percent of the price of the property into a property that you own, the investment may be well worth considering. It is an option that helps you build equity, which can be used as collateral if it is even needed. Any payments that you make on the interest of the home will be tax deductible, which means that even though you will need to make the initial deposit, you can still save money.
When you own the space, you have full control of what happens to it. That means that any repairs, maintenance, or upgrades to the space will be completed by you, but at the same time, you will be able to control what is placed on the vehicle. In addition, when you have a space that is too large for your office needs, you will be able to rent the space out to interested businesses in the area. This rental income can be a means of paying for the mortgage or paying for maintenance costs that come up over time.
Listing Office Space
There are several reasons that you may want to list commercial property that you currently own, but the most common one is that the space is too small for your growing business. If you are interested in listing an office space in this area of Massachusetts, you are going to need to find a professional to help you through the process. Before you purchase a new space, it is important that you decide whether you want to sell the current space to a local business or lease it out to one or more companies in the area that need space for their office. Boston City Properties is a great option to consider. We know the area and have a wide variety of resources that can help you list the space and find a buyer that is interested in your property quickly.
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