Now that your business has taken off, you are outgrowing your existing office space. Fortunately, Boston has plenty of commercial spaces for lease. According to Loop Net, the average cost for commercial space in Beantown is approximately $24 per square foot. To remain...
Commercial Real Estate
Building in areas of critical environmental concern – an overview
Land development commonly involves compliance with varying regulations and the submission of different reviews along the way. These requirements often expand when the planned projects take place in certain protected areas. Designated areas of critical environmental...
What are the classifications of office buildings?
Office buildings often make a good choice for those trying to invest in commercial real estate. But since there are so many different types of these buildings, it is important for investors to know what they are buying first. This is where building classes come in....
Real estate investment trusts
There are different ways of investing in real estate besides just going out and purchasing commercial real estate yourself. For example, you could invest in a real estate investment trust. According to Investor.gov, a REIT is a way for you to invest in commercial real...
The pros and cons for absentee commercial property owners
Many owners of commercial real estate properties in Boston and elsewhere do not reside anywhere near the property. This holds true for apartment buildings, office space and warehousing properties. This financial arrangement holds both benefits and dangers for these...
How can you limit vacancies?
One way to earn money is through commercial real estate investment, a unique way to add to one's assets and repertoire. The right tenants and strategies can make all of the difference between a flop and a profitable venture. Vacancies prove one of the hardest periods...
Common commercial lease violations
There are significant differences between commercial and residential leases. Therefore, landlords must handle violations and evictions differently. Tenants can breach a lease agreement in several ways, and the damages are often costly. Breaching the commercial lease...
What red flags should you look out for in a commercial lease?
Once you sign a commercial lease in Massachusetts, you may find yourself committed to the space for quite some time. Commercial leases often bind you to a particular rental property longer than a residential lease would, so it is important that you do your due...
Business owners need to understand zoning laws
Before business owners rent or purchase a commercial property, they should consider the zoning code of their desired area. Zoning categories may restrict the activities people can perform in their buildings. FindLaw says that cities establish zoning codes to explain...
Commercial real estate trends for 2022
After 2021’s market rebound, Massachusetts investors expect to find opportunities in commercial properties. As reported by the Boston Globe, trends that may continue in 2022 include sales and rentals of single-family homes. Data compiled by CoreLogic found that...