Rockport Office Space
Depending on your business, sometimes a small town can be a better location for you to consider, especially when your business brings something to the town that the residents were lacking. Rockport, Massachusetts is a seaside town that is located on the tip of Cape Ann. It is only seven square miles of land, but it is a great fishing community to consider for your business, and it is only about 40 miles from Boston by car. It is a community that can also be reached by train, so customers and clients coming from the Boston area can reach your new office location with ease.
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Neighborhoods in the Area
Once you settle on the town or city that you want your business to be located in, you will need to consider the neighborhood that fits your niche the best. In this area of Massachusetts, there are two different neighborhoods that you should consider, which are:
- Town Center
- Ocean View / Pigeon Cove
This is one of the more historic towns in the country, so both residential and commercial spaces are going to mostly have been built before World War II. There is a mixed workforce of both white- and blue-collar jobs in this area. Artists seem to thrive in this area, and the concentration of artistic professions in the area has helped to shape the town. If your business falls into this niche, this is a town with a lot of potential that you should consider.
Leasing Space for an Office
If you decide that leasing your commercial space is the best option, you will find that there are many benefits over the lack of an initial investment that is often the main draw to leasing property. In addition to covering the cost of maintenance, repairs, and upgrades, many owners will throw in additional add-ons to sweeten the deal. These can include:
- Paid Utilities – This can significantly reduce your costs with just electricity, water, and waste management covered, but some owners even throw in the internet. This can save a lot of time and headache, but if you have a business that is heavily dependent on the internet, you may still need a faster connection. Not every space will provide every utility, but a few can make a drastic difference.
- Conference Rooms – This is very advantageous for anyone who needs to meet with clients, have conferences via telephone, or meet with employees on a daily basis. Since leasing property means that the space is often shared, booking a conference room may be required before you can use it.
Buying Space for an Office
Buying a space for your office definitely has its share of advantages, but there are a few things that you should do before you settle on a property:
- Execute Due Diligence – If you're planning on going this route to find office space, you'll need to do your own research so that you don't settle on a space. Make sure that you always visit the property before you make a purchase so that you can see how well the space works for your needs.
- Consider Less Desirable Buildings – Of course, a Class A space is appealing to the eye, but it may not be the best option for you, especially if money is tight because it will require more of a down payment and will come with a larger mortgage. A nice Class B or Class C property that can provide your business with a location can be just as great of an opportunity, especially if you are just starting out.
- Don't Be Afraid to Negotiate – Many owners are willing to go much lower than the asking price so that they can simply make the sale, and in many cases, the lower offer is still a profit for them. Boston City Properties is a great option for negotiating because they know the area and the average price for property.
- Know How Much Space You'll Need – Most commercial space is sold by the square foot, so even a few extra feet of space that you will not need will cost you money. Know how much space you need, and if a property has more, consider whether it can be rented out to another business that is willing to share the space.
Listing Office Space
There are a lot of reasons that you would consider listing your office space. Perhaps you simply want to move to another location that is better suited for your business, or maybe you have outgrown the space and it is time to expand. Whatever the reason is that you want to sell the space and move on, contacting a professional real estate firm is a great way to make sure that you get the most from the deal. Boston City Properties has worked in this area for decades, so they know the area, the client base, and how to list your property so that you get the best price for the space. Call us today at 617-247-1933 for help listing your commercial property.
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