Weston Office Space

Why Leasing and Buying Office Space Is a Great Idea

If you want to get a head start on your business plan, you need a space in the right location. Placed within the Greater Boston area, this town is a hot spot for business investors and entrepreneurs. There are a number of different spaces available in the area. Depending on your price range, you can find spaces with luxury amenities like conference rooms, concierge services and mail delivery. No matter what you are looking for, you can find it within this town.

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Discover the Area

Located within Middlesex County, this town is a part of Boston's metropolitan area. Known for having one of the most expensive zip codes in the country, this town is a hot spot for investors and businesses. This community is bounded by Wellesley on the south. Natick and Wayland are found to the west of town. To the north side of town, residents will find the communities of Lincoln and Concord. Meanwhile, Waltham and Newton can be found to the east of town.

During the last year, median home sales have increased by 21 percent in this area. Right now, the median home sells for $1,585,000. The average price per square foot has remained the same at $259.

Leasing Spaces in the City

Within the town, there are spaces available that range from a few hundred square feet to thousands of square feet. These spaces are available in Class A, B and C structures. The Class A structures tend to have the best amenities and the most desirable locations. They are often the newest properties or are placed in landmark buildings. Because of the desirability of these properties, they tend to come with the highest prices.

For a more flexible lease, check out a Class B or Class C building. A Class B building is the mid-range option and tends to have lower prices than a Class A structure. Meanwhile, a Class C building will generally have the lowest prices and most flexible leases. Class C structures generally have fewer amenities and a less desirable location, so there is a trade off for getting the lower price. Depending on the company's budget, there are a number of options available in the area.

Buying Properties

Businesses can make a long-term investment in their company by buying a real estate property. With a commercial mortgage, the business can lock in their ongoing costs. If they need to earn extra money, they can always rent out additional units in the structure. Plus, these properties can be used for tax deductions for things like property taxes and depreciation.

By buying the building, businesses can also develop equity in their property. This can be used for financial leverage or loans in the present or saved for when the property is sold in the future. With a property purchase, businesses can get more options for how they set up their business and earn money.

Listing Properties for Lease and for Sale

If you already own a property, you can use it to bring in an extra income. By leasing your units to potential renters, you can garner an ongoing, passive income. For a more hands-off approach, you can use a property management team to do the day-to-day tasks of finding renters, collecting rent and maintaining the property.

While renting the complex can bring in an ongoing income stream, you can also get a lump-sum payment by selling the entire complex. The real estate market in Massachusetts is heating up, so right now is a good time to list your property for sale. Once you have sold the complex, you can eliminate your liability in the property and enjoy your investment's earnings.

No matter what you want to do with your property, Boston City Properties is here to help. Our team of real estate professionals can help you list your unit for sale or for lease. To get started on your next listing, call or email Boston City Properties today.

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