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Office Space for Lease in Wilmington, MA
Finding suitable office space for lease will provide a designated place for your business to develop and thrive. While this is a weighty decision, there are important advantages to leasing, especially when compared to purchasing. At Howland Development, we specialize in offering a broad range of convenient properties for lease, and we will walk you through all of the options to find the right space.
What to Look for in an Office Space
An office space must match the needs of the company. If the square footage is more than needed, rent will likely be higher than necessary. Conversely, if the space is too small, the office will be cramped and ineffective. Sometimes properties that do not precisely fit the layout needs of a tenant can be improved. Landlords may be willing to allow tenant improvements with both parties contributing funds to pay for the renovations. Examining the lease is also important to ensure you understand and agree to all the terms, as well as any options to renew.
Advantages of Leasing an Office Space
Leasing is advantageous in a number of ways that can save an entrepreneur money. Not having to pay a down payment for purchase keeps capital working for the business instead of tying it up in real estate. Lease payments are also deductible as a business expense. Having a management team to oversee any maintenance and repairs can be beneficial, eliminating these potentially costly expenses for a business owner.
Because every business owner's needs will be unique, it is important to explore all options carefully to ensure that an office space is a prudent decision. With a team of management executives averaging over 25 years of experience, you can trust that Howland Development can find the right office space for your business to succeed. Contact us to start scheduling tours today!