Southborough Office Space

How to Find Office Space in Southborough, MA

Southborough, often shortened to Southboro in some maps, is a part of Worcester County in Massachusetts. It has a few small villages, including Fayville, Cordaville, and Southville. This town was named one of the Best Places to Live back in 2009 according to statistics, and it could be the top location for your business.

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This town is one of the wealthiest in Massachusetts and is in fact consistently number one as the most affluent community in the entire Worcester County. In this case, you should expect that the values of the properties here are quite high. However, this detail should not deter you from finding a structure for your business. In fact, there are several options here, especially since the real estate market, including the commercial properties, are in healthy numbers.

Lease a Unit

Since the cost of the properties in this town is quite high, you may want to consider leasing over buying. Startups will typically find plenty of options, especially in the business districts located in the villages around town. There are also available office units along Route 9.

When searching for the right place for your business in this town, the price may be your biggest concern. However, you should also look for a building that has an excellent location. Some of the best areas in this town are in its business districts since these are the places where most of the other establishments are situated. The only problem here is that you may find these units quite expensive, especially if you are starting out.

The good news is that leasing will help you afford a property if you are currently strapped for cash. Some of the buildings in this town have affordable rental prices ranging from $15 to $25 per square foot per year. Fayville and Cordaville frequently have some listings for commercial units. These villages, especially in Turnpike Road in Cordaville, have buildings where small to large companies can lease.

Class A to C structures are widely available throughout the town, and you can enjoy amenities that will help your business grow.

Buy a Property

The property value index in this town is $651,435, which is over 10% more than last year. It is expected that this median value will increase at least four percent more in the coming year. Compared to the county’s metro, the median list price of properties in this town is much higher with $274 per square foot.

With these numbers, you will most likely benefit if you purchase a property. This way, if you plan to move or retire after several years, you can sell the unit, and you will enjoy the gains. Some of the buildings in this town are sold with parking areas and amenities, such as restroom for employees and an additional room that you can rent out to get extra income. You can use the money you get from renting out the place for paying your mortgage.

If you want to save on the purchase price, you can go for Class C buildings. However, they mostly require repair and some improvements whereas Class A structures can have everything you need even though they can be a bit expensive.

Some choices for businesses include a shared unit, which can be suitable for you if you do not mind sharing the room with another individual or firm. Southborough is a wonderful place if you are searching for co-working properties. They can help you save on the price of the unit, and you can even work with other people, which may be beneficial for your business.

Listing a Rental or Property for Sale

Whether you have a property for sale or lease, you want other people to know about it the moment it becomes available. An unfilled unit means you lose some profits, which is why you should not let it stay empty for a long time.

One of the most straightforward methods of finding a new tenant or a buyer for the property you have on the market is to list it. Listing informs other people about the unit you own. You can broadcast more information about the facility, including its unique features, its great location in this town that may have benefits for specific businesses, and why a company or a professional should choose your property over the other options.

It is easy to land the right tenant or buyer when you have an appropriate listing online. You can talk about the complimentary features you have for the firm, such as property management onsite, parking, and even a gym. If you are planning to rent out the additional space you have, you can announce it online.

You do not have to go anywhere to find the potential occupant of your property. We can list your unit for you, and all that is left for you to do is wait and choose the right tenant for your office space.

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