Whitman Office Space

Why Leasing and Buying Office Space Is a Great Idea

If you want your business to do its best, you need a space for your company's day-to-day operations. Within this area, there are many different properties and amenities available. From downtown locations to quiet streets, there are spaces available to suit any company's needs. Your customers need to know have a location for buying products, getting help and contracting your team for projects. By leasing or buying a property, you can make sure that your business gets a running start.

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Discover the Area

Situated within Plymouth County, this town is only half a mile away from Route 27 and Route 18. In size, it spans 7.0 square miles. It is bordered by Rockland on the northeast and East Bridgewater on the south. On the north, residents will find the community of Abington. While Hanson makes up the southeastern border, Brockton is located to the west. This community is only 4.5 miles away from Brockton and 20 miles away from Boston.

Since this community is primarily residential, businesses can potentially captivate the consumer base in the area. Currently, the median home in the area sells for $326,500. This is 15 percent higher than last year. Meanwhile, the average price per square foot advanced from $211 to $239.

Leasing Spaces in the City

While buying a property has a number of benefits, it is often out of the price range of new businesses. Luckily, your business can still begin operating in the area by leasing out a commercial complex. Depending on the location, you can find a number of amenities, features and services. Some luxury properties offer concierge services, an on-site receptionist and other benefits. Other complexes include the cost of utilities in the price of rent. The option you choose depends on your price range, the amenities you need and the location.

Buying Properties

If you plan on running your business for years or decades, buying a property makes financial sense. With a rental, you always have to worry about the landlord increasing rent. When you own the property, you can lock down a set monthly mortgage cost. If you need to earn extra money, you can always lease out extra space. When business is slow, the equity that you have earned in your property can be used for financial leverage. Plus, you can always sell the property for a profit in the future. When you own the complex, you have added options for earning rental income, selling the complex or securing a business loan. It requires a higher upfront cost than renting, but the extra benefits are generally worth it.

Listing Properties for Lease and for Sale

After you have purchased a property, it is time to consider ways to turn a profit on your investment. Initially, many investors choose to list their property to potential tenants. This option helps you bring in an ongoing income from your tenants while still enjoying the full benefits of owning the complex. For a low-maintenance option, you can always hire a property management team to take care of the day-to-day work of running your complex.

When real estate prices are rising like they are right now, it can make better financial sense to sell the complex. You can often get a better offer when the real estate market is booming, and it takes a shorter amount of time to sell the complex. Once you sell your investment, you are able to enjoy a return on your investment and get back all of the equity you have developed over the years. Plus, selling the property allows you to escape from any liability or ongoing maintenance costs associated with the property.

When you are ready to rent or sell your property, Boston City Properties is here to help. Our team of real estate professionals knows what it takes to create the perfect listing, find a responsible tenant and sell a property. To discover how we can help your investment's potential, email or call our staff members today.

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