Winthrop Office Space

Why Leasing and Buying Office Space Is a Great Idea

This community is a top spot for any business that wants to invest in a resort or tourism-related activities because of its location. Plus, the city's proximity to Boston makes it a desirable place for manufacturing or starting a high-tech company. While real estate prices are growing, there are still a few deals available on the marketplace. Right now is a good time to invest before the prices increase by even more.

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Discover the Area

Situated within Suffolk County, this suburban community is a part of the Greater Boston area. It is located at the northern side of the Boston Harbor, so there are a number of ocean-side properties on the peninsula. The peninsula is connected to East Boston through a bridge on one side and Revere through an isthmus. Known for its dense population and small size, this city is situated on the southernmost section of the North Shore. In total, the town has 7 miles of shoreline with views of the Boston skyline and the Atlantic Ocean.

Spanning 8.3 square miles in size, this community is bounded by Massachusetts Bay on the east and Boston Harbor on the west. Within the community, residents will find neighborhoods like Cottage Park, Point Shirley, Count Park, Winthrop Beach, Winthrop Highlands, Cottage Hill and Ocean Spray.

On the north side of town, residents will find the city of Revere. Boston borders the town on the west, northwest and southeast. This community is placed only 5.5 miles away from Beacon Hill by land.

Presently, the median home in the area sells for $475,000. The median price has increased by 29 percent in the last year. At the same time, the average price per square foot rose from $270 to $347.

Leasing Spaces in the City

Within this city, there are Class A, Class B and Class C properties available. While Class A properties are the most luxurious and have ultra-desirable locations, they also carry a higher price. For a start-up company, a Class B or Class C property offers a lower price. These properties are generally in slightly less desirable locations, but they offer flexible leases with lower rental prices.

The type of property you choose can depend on the amenities or location that you need. In general, a rental property will cost more if it is in an area with a lot of vehicle or foot traffic. If you operate an online business or a manufacturing company, you can opt for a lower-priced property because you do not need the added foot traffic. Before leasing any property, you should carefully consider the price, amenities and locations that you need.

Buying Properties

By buying a property, you can lower your ongoing overhead each month. A commercial mortgage is typically much lower than the cost of rent. If you need to bring in extra income, you can also rent out additional units at the property. Unlike rent, you know exactly what you will pay from month to month and from year to year. Once you are locked into a commercial mortgage, you can plan out your future costs accordingly.

In addition to offering stability and financial security, buying a property can also offer a number of other advantages. You can generally deduct the property taxes, depreciation and mortgage interest from your tax bill. If you need to get a business loan, your property can be used as leverage. Later on, you can sell the property and regain the equity you have earned as well as additional profits. As long as you have the budget for it, buying a property can help ensure the long-term stability and financial security of your business.

Listing Properties for Lease and for Sale

Whether you want to list your property for sale or for lease, Boston City Properties can help. Your property can begin earning a rental income by finding new tenants in the area. If you want to get an upfront payout from your investment, you can also list your property for sale. Our team of real estate experts can help you navigate the marketplace as you find a buyer or a tenant. To find out how our team can help you out, call or email Boston City Properties today.

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