Reading Office Space
Located 16 miles north of Boston in Middlesex County, Reading, Massachusetts, is an ideal town to consider for your new business location. It is located close to several major highways, so it can easily be reached by employees and potential customers alike. With a population of about 25,000 residents, this is a town that is made up of mostly white-collar workers who enjoy both management and standard office positions.
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Neighborhoods in the Area
As you start your search for a space for your office, you are going to need to find a location within the town that fits your niche and your business needs. There are four neighborhoods that are unique to the area, which are:
- Summer Avenue
- Franklin Street
- Reading Highlands
- Town Center
If you are looking to expand with a larger commercial property, then the Town Center or the highlands may be a great option to consider. They both have a high walkability score that adds atmosphere to the town, but the other two neighborhoods are also worth considering as well, even if they have a slightly higher rate of purchase when compared to other sections of the town.
Leasing Space for an Office
Boston and the surrounding suburbs are experiencing quite a bit of growth, which is why leasing property in the area provides you with a great opportunity. The investment that you need to make to lease the space is minimal, which means that you will be able to focus on your business instead of getting your down payment together.
There are quite a few options that you can consider if you want to lease space in a building, which are:
- Startup Space – This is a small space that is designed for startups to use as they get their business up and running. This is often a temporary space that is only used for a short period of time, but it is an option that should be considered, especially when funds are relatively low.
- Shared Space – This is an option that you can consider when you need space for an office, but you don't have all of the other business essentials that you are going to need. This includes things like office furniture, an answering service, high-speed internet, and utilities.
- Loft Space – This is a popular option that gives you an open workspace where you can be creative, or if you prefer, you can add cubicles to this type of space to create more of an office-like atmosphere.
Buying Space for an Office
Leasing is a great short-term option for a business, but if you plan to stay in the same space for a long period of time, then you will want to consider purchasing the space as well. In fact, you can even purchase the entire building if you want additional space to expand into in the future. One of the major benefits of purchasing more space than you need is that the space can be rented out to interested parties in the area. There are three types of spaces that you can consider when you consider buying space; these are:
- Class A – This is the option that has the most amenities, high-end finishes, and attractive designs in a building. They are typically going to have a higher rent, but they are going to be in the best parts of town, which means that if you need a prestigious office, this is the best option for you.
- Class B – This is the next oldest type of building to consider for office space. This space is typically going to be a building that is three to four stories high. Typically, located on the outskirts of the cities and in suburban towns, this type of building is the most common.
- Class C – This is a less attractive option for an office building, but if you simply need a functional space, this is a great temporary option that you can consider.
Listing Office Space
Listing office space can be difficult to do when you are not aware of the current market. The best way to make a profit on commercial property that you no longer need is to contact a professional real estate agent that knows the area so that you will be able to come up with an appropriate listing price for the property. Boston City Properties is such a place, and we can help you list your property today. Whether you are interested in selling or leasing your space, call 617-247-1933 today so that we can help you through the process.
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