Westford Office Space
Why Leasing and Buying Office Space Is a Great Idea
If you want to get your business off to the right start, you need a storefront for your customers. Within this town, there are a number of options available for businesses, start-up companies and retailers. Whether you want to lease or buy a property, there are spaces available with different amenities, prices and locations. With its growing residential neighborhoods and convenient location, this community is a top spot for investors and entrepreneurs.
Search Office Space
Discover the Area
Placed within Middlesex County, this town was recently ranked as one of the best places to live in the country. It spans 31.3 square miles in size. Placed on the edge of the Merrimack Valley, this town is a part of the Metrowest area. The community of Acton can be found to the south of town. While Tynsborough is placed on the north, Carlisle forms the southeastern border. Residents will find Littleton to the southwest. Groton forms the town's western border. On the eastern border, residents will find the town of Chelmsford. Within the community, residents will find neighborhoods like Parker Village, Forge Village, Center of Town, Graniteville and Nabnasset.
The current price of a home is 13 percent higher than last year. The average price per square foot rose from $243 last year to $284 this year. Residents can expect to pay a median sales price of $517,450 for a property in the area.
Leasing Spaces in the City
Many start-up companies start out by leasing spaces. This allows them to develop a client base while learning more about the area. Whether you want a temporary lease or plan on renting for the long run, this area has a number of options available. These options range from simple, older properties to more luxurious suites. The option you choose depends on where you want your company to be located, the amenities that you need and your price range.
Buying Properties
If you buy your space instead of leasing it, you can generally expect to pay a lower price. At the very least, your investment will be protected from sudden increases in rent. If you need to earn extra money, you can lease out extra units to other businesses. This option lets you earn a rental income while still conducting your normal business operations.
When you own the complex, you can deduct costs like depreciation and property taxes from your tax bill each year. In addition, you can develop equity in the property. When you rent a unit, your rental price disappears to the landlord every month. If you buy the property, the same payment helps to increase your financial security and build equity. You can use that equity for financial leverage or collateral in a business loan. When it is time to sell the complex, you can regain the money that you spent.
Listing Properties for Lease and for Sale
When you own a property, you have an umber of ways to earn money from it. Many businesses buy a property and rent it out for several years as it gains equity. Once the property has increased in value, they sell it for a profit. You can also earn an ongoing income from your property by renting out units within the complex. While leasing your property brings in an ongoing income, selling the complex will bring in a larger payment upfront. The option you choose depends on your company's needs and financial situation.
Listing a property, finding a buyer and screening tenants is not always easy. Whether you need to rent out your complex or find a buyer, Boston City Properties can help. Our team of real estate experts can help you find buyers and renters for your property. To find out how we can help you list your investment property, call or email us today.
Search Office Space