Throughout the pandemic, many businesses instituted work at home policies. Did this mean the end of the office? Not likely. Are work habits changing? Yes.
A lot of counter-intuitive events happened over the past year. To some extent, we learned how to teach children from home. Bicycle sales went through the roof. People moved from cities to suburban locations and looked for more space.
After a year plus of the shrinking office and the pivot to a work-from-home model, some of the costs of working from home have increased the appreciation for the more traditional office, namely:
• Less cooperation and collaboration between staff
• Mixing of family and work tasks
• Lack of amenities available in an office setting
• Advanced technology within an office environment
What does this mean for those considering their future business settings? First, greater supply means better deals for tenants with Landlords looking to fill vacant space. Second, incentives may be available now and may not be available later. New businesses or those working out of their homes may also have an advantage at this time.
Today’s Deals and Available Spaces
At the Edge Group and Bell Tower Management, together we can offer a new range of commercial options.
60 Island Street in Lawrence is a cool place to start your business or find shared office space, starting at just $275 per month.
One Union Street in Lawrence features a renovated mill building along the Merrimack River with built-to-suit office spaces.
Amazing woodwork, fireplaces and high ceilings are featured at 327 Gorham Street in Lowell.
At Gateway II in Lowell, find updated professional space in a modern office building with convenient parking and professional co-tenants.
Two affordable spaces of 300 to 1,100 square feet are available at 6 Boston Road in Chelmsford Center, with parking as well.
At 17 Bridge Street in Billerica, an entire furnished office suite of 4,045 square feet is a great opportunity for a growing business.
One of the most attractive and best located spaces in town is at 1201 Main Street in Tewksbury, where 1,763 square feet of visible office or retail space compliments other medical and professional tenancies.