Weymouth Office Space
Why Leasing and Buying Office Space Is a Great Idea
Within this thriving community, there are many options available for businesses. With a growing real estate market, right now is a good time to invest in the area. Prices declined slightly this year, but the overall trend is toward higher prices. For smart investors and entrepreneurs, right now is a good time to invest in the marketplace before prices rise even higher. Once businesses rent or purchase a property in the neighborhood, they can enjoy having access to all of the amenities that this town has to offer.
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Discover the Area
Located within Norfolk County, this town is one of the more affordable areas on the South Shore. It is a popular spot for businesses and investors because of the MBTA and rail service to Boston. Encompassing 21.6 square miles in size, this community includes four main districts. South Weymouth is located to the south of Route 3 and is the site of an old Naval Air base. In recent years, it has been the site of many commercial developments, so this area is a top spot for business investors in the area.
The neighborhood of North Weymouth is located to the north of the intersection of North Street, Church Street and Green Street. In recent years, this area has seen a lot of waterfront developments and is densely populated. Meanwhile, Weymouth Landing is the area around Weston Park. Like other sections of the town, this area has seen a lot of developments in recent years. The last district of town is Easy Weymouth. Placed within the center of the community, this area is primarily residential.
This community is bounded on the west by Braintree, Quincy and Holbrook. It is bordered on the north by Hingham Bay. On the south, it is bounded by Rockland and Abington. Meanwhile, Hingham forms the community's eastern border.
In the last year, real estate prices have declined by 2 percent in this town. The median price for a home right now is at $315,000. The average price per square foot in the last year rose from $255 to $272. This indicates a trend toward smaller properties that cost more per square foot, but have a slightly lower total cost. With a growing consumer base, this town is poised for higher real estate markets in coming years. Smart investors can buy properties in the market now and quickly watch their investment grow in value.
Leasing Spaces in the City
The type of lease that you need depends on the amenities you are looking for. In addition, it is important to consider the location before buying a new property. The best locations tend to have a higher price, so businesses have to account for this in their budget. If you are manufacturing a product or selling something online, you may not need to pay a premium for the best location. For these types of companies, an out-of-the-way, low-priced location can work just as well.
Units in this area range from luxurious complexes to simple office buildings. The more luxurious options have features like receptionists, shared conference rooms, kitchenettes, mail delivery and concierge services. Before leasing a property, consider the type of location and amenities that you need.
Buying Properties
If you want to invest in your company's long-term growth, buying a property is generally a good step. When you own the property, you can enjoy having a stable mortgage price instead of changing rental costs. If you need extra money, you can rent the space out to prospective tenants and cover your overhead costs. In addition, many costs like depreciation and property taxes can be deducted from your taxes. As you continue to pay on your commercial mortgage, you will gain equity in the property and financial leverage.
Listing Properties for Lease and for Sale
Whether you want to lease or sell your property, Boston City Properties can help. Our staff members are skilled at listing properties in the area and finding the right buyers. If you need help listing your investment, call or email us today.
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