Boston MA Offices Commercial Property | Development Property ...

Despite the economic problems that have shifted the economic balance in the United States in recent years, the city of Boston has a thriving commercial development sector. Both downtown and the metropolitan areas have seen a great deal of gentrification in recent years, giving rise to entrepreneurs looking to house, grow, and develop business, take chances and create opportunities when unemployment rises. The city abounds with commercial property deals, many of which are relatively low priced, given the high cost of living in the New England area. A recent survey of Boston office vacancies yielded results of $1 a square foot for many larger size options, and $3 to $5 a square foot for smaller options and even executive suites. No matter what your situation is (new company, established mid size like a law firm, cpa, or broker) you should do your homework and work with a tenant rep before you sign a lease agreement on any Boston commercial property. We have spaces in most of the local areas like: Abington, Attl

eboro, Brockton, Braintree, Beaconhill, Cambridge, Burlington, charleston, coolidge corner, Cotuit, Danvers, Davis, downtown, Framingham, Harvard, Haverhill, hopedale, hyde park, lowell, lynn, lynnfield, melrose, medfield, milton, nantucket, Natick, Newburyport, northwest, norwood, pembroke, plymouth, reading, revere, roxbury, rockland, malden, Salisbury, saugus, sharon, shore, sodbury, Somerville, watertown,walpole, Waltham, wayland, westwood, weymouth, winchester, worchesterFYI the Boston tax rate is $32.68 per $1,000 valuation for commercial activity. WE also work with office space rentals in Baltimore, New York, Providence, Hartford and New Haven.

Commercial Lease:

Are you a new company in the Boston area, and if you are you need to plan ahead and decide what type of lease you will sign and what terms you are open to. For new companies a good idea is to sign a shorter lease ? like say 6-18 months (maybe even monthly), this will give you flexibility. If you find a great deal on a commercial property in Boston, or office park that offers free move in, free months rent, then you should consider that. If you have an established business that has a bright future you should try to secure a great long term deal, because the longer lease you get, typically the better deal you will get.

The largest city in the state of Massachusetts and the capital is Boston. The city is one of the oldest in the United States and is sometimes referred to as the capital of New England, as it has a deep cultural and economical impact on the area. The city has estimated population of around 620,535 and a greater metropolitan area of around 4.5 million residents. It has the tenth largest metropolitan area in the United States and a high density considering the geography. The city has been a major community since the Puritans first colonized it in 1630 and has been one of the centers of American Revolutionary History with events like the Boston Massacre, Boston Tea Party, and many other significant moments in the nation, occurring within city limits. It draws millions of tourists a year due in large part to the rich history.

Economy / Culture:

The economy of Boston relies on several factors, and many diverse industries. Despite the various vocations that people can explore, the area relies heavily on the colleges and universities for economic growth, with education yielding 4.8 billion dollars annually for the city. The city has a large amount of big name companies, and large corporations that employ thousands of residents. Some of the larger companies in the area include, Sovereign Bank, Houghton Mifflin, Gillette, Liberty Mutual, Boston Consulting Group and many others. It also has a great financial center and is ranked among the best cities to pursue a career in finance. The Boston area has recently had an unemployment rate at around 9.5% and is higher than the national average. All of this job data has a huge affect on the Boston commercial property market, but the future looks bright as the economy slowly recovers. The city has a continental climate with many influences stemming from maritime. The spring and summer months can be generally mild

and cool, while the winters can be extreme in cold, with snow and rain throughout the season. Located in the northeastern part of the United States, the city has its share of mild and extreme weather for residents to deal with.

Boston Housing Stats:

The real estate market in the greater Boston area has seen better days, but that doesn?t necessarily pose a bad thing for those looking to purchase a home. While home sales and values fluctuate wildly in modern times, the median house cost is roughly $321800.

The mayor of Boston is Thomas M. Menino and has been working on improving city services, education, neighborhood revitalization and much more in the greater area. The political picture of Boston has been in the mainstream since the founding of the Nation and waves towards liberal leanings, but has a strong conservative movement as well.

Source: http://www.smartchinaorg.com/boston-ma-offices-commercial-property

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