West Bridgewater Office Space

Why Leasing and Buying Office Space Is a Great Idea

Starting a business is an investment in your future. With a growing economy and a convenient location, this town is an excellent place to go for starting a new business. Real estate prices may be rising in the rest of Massachusetts, but the prices are just starting to increase here. Because of this, right now is an ideal time to buy a space in the area. If you want more flexibility as you open your business, you can also lease a space in the area.

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Discover the Area

Situated within Plymouth County, this town is 15.7 square miles in size. It is bounded by East Bridgewater to the east and Easton on the west. While Bridgewater forms the southern border, Brockton makes up the northern boundary. This community is 25 miles away from Boston and 4 miles from the city center of Brockton.

Within the community, residents can find homes available for a median price of $347,450. This is just 1 percent lower than last year's median sales price. The average price per square foot actually increased to $204 from $192.

Leasing Spaces in the City

Within this community, there are several different complexes available for business. When you lease a property, you get to choose between a Class A, Class B and Class C structure. The Class A buildings have the best amenities, the newest structures and the most desirable of locations. Often, these structures are in landmark buildings or downtown locations. Because of their more desirable features, Class A properties tend to have the highest leasing costs.

For a budget-friendly option, check out Class B structures. These buildings still have good amenities and fairly convenient locations, but they also have lower prices and more flexible leases. They are just a cut below Class A properties, but they still offer businesses a number of amenities and features.

The most inexpensive option can generally be found in a Class C building. These complexes tend to be a little older and have fewer amenities. Because of this, they tend to offer renters more flexible leases and lower prices. These properties are excellent options if you cater to online clients or work in manufacturing. If you do not need the added foot traffic and amenities of a Class B or Class A building, a Class C building is a cost-friendly alternative.

Buying Properties

Many businesses choose to buy a commercial property while real estate prices are low. Once they have bought the complex, they are able to pay a commercial mortgage instead of a lease. This option is ideal for businesses because it means that your monthly overhead is locked in. Unlike a rental contract, your mortgage payment will remain the same. Plus, you are able to deduct some of the costs of owning the property from your taxes.

Buying a property also gives you more options for earning an income. You can lower your company's overhead costs by leasing out extra spaces to potential tenants. Your tenants can cover the cost of your mortgage and earn your business a passive income stream. As your tenants pay the mortgage costs, your investment continues to earn equity. This equity can be used for financial leverage to get new loans for your company's growth. Throughout the process, you have more flexibility in how you use, modify or renovate the space.

Listing Properties for Lease and for Sale

With growing real estate prices, it is unsurprising that some investors are choosing to lease or sell their properties right now. Massachusetts has a strong real estate market, and areas close to Boston are especially popular among buyers. Whether you are renting out or selling your complex, you can find a ready demand among businesses in the area.

Navigating the real estate market is not always easy, but Boston City Properties can help you simplify your next project. Our team of real estate professionals can help you list your property on the marketplace. Whether you want to lease out extra units or sell the entire complex, our team can assist you in listing the property. Call us today to find out how Boston City Properties can help with your current and future investments.

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