Tewksbury Office Space
Tips for Choosing Your Office Space in Tewksbury, MA
Tewksbury is a town situated in the county of Middlesex in Massachusetts. Geographically, it is only comprised of less than two percent of water, although its northern boundary is a part of the Merrimack River. At its south, the Shawsheen River can be found as well.
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This town is a part of the Greater Lowell metropolitan area and is less than 20 miles north-northwest of Boston through the Interstates 93 and 495. The place is bordered by Lowell, Dracut, Andover, and Billerica. It meets Chelmsford right along the center of the Concord River.
If you plan to set your headquarters in this area, your employees may find it easy to travel, thanks to the LRTA 12 bus service. It connects the town to other places namely Wilmington and Lowell right on the MBTA Commuter Rail Lowell Line.
To Lease or to Purchase a Unit?
One of the most significant questions when looking for a space is whether you should lease or buy a property in this town. You may already have a budget, and it makes sense to go with it. If you cannot afford to purchase just yet, it may not be the right time to do so. In this case, you may want to just stick to leasing.
The price is not the only thing that you should consider when selecting the property to lease or buy. You should also reflect on the needs of your business and your daily transactions. Some companies only need a dedicated desk, a hot desk, or a small private office. On the other hand, there are also others that require on-demand places or even a furnished area where they can meet and greet their clients.
You can figure out whether you will rent out your site or sublet from another company. You may even wonder whether you should get a virtual package for your work so that you can work from home. If it is your first time to search for a place for your company, it may seem difficult to choose the right place to start.
This town has many things to offer, including office spaces that you can rent or buy. Some neighborhoods can give you great deals, such as in the Main Street and the North where the prices range from $0.60 to $2 per square foot per month for a class C building. In some communities, especially those where the competition is severe, you may even find some properties that offer huge discounts.
For a Class A building, expect that the rates are higher than class B and C structures. However, these properties are often fully furnished with several amenities that can benefit your business – even if you are running a small firm. You can then use your location to scale up to the next level.
Businesses are contracting or expanding – merely changing their shapes. You want a place for your headquarters that can support the flexibility you require for your modern day firm. It does not matter what your industry is, since what is important is your location and that it meets your demands as a company. In this town, you will find many landlords or owners who subdivide their rooms into 1,000 square feet. It is also easy to see class A units in major buildings where you would probably want to lease since they can represent your company well.
How Others Can Find Your Property
Currently, the real estate market in this town is “very hot.” The prices are up, which is a wonderful thing for the sellers as well as the property owners. The values here average almost $410K, which is more than four percent increase over the past year. The number may rise approximately four percent once again by next year.
Meanwhile, the median list price per square foot is $270. It is essential that you know these numbers, although some other factors may affect the pricing of properties in Tewksbury. For instance, the building class and the zoning may influence the rate you will ask for your unit.
What is important is that you can reach the right people who may be interested in your property. You can always try to advertise the traditional way through newspapers, TV, or radio. However, if you want to get the most out of your money while enjoying the benefit of reaching more people, you should list your property online.
More and more hunters of business locations use the web to search for the best place for their company. You need to advertise on the internet so that you can target the right people that will either rent or buy your unit.
You should take advantage of the fact that the real estate market in this town is doing pretty well. List your property with us today, and we will take care of the rest for you.
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