Boston or Burbs: Best place for your business to grow

Many businesses and commercial real estate players are flocking to Boston due to the opportunity that is at stake. Deciding where to purchase or lease commercial real estate is as challenging as ever though due to the geographic set up of Boston and the areas that are on the rise. Here at Quinn & Associates, we wanted to write a blog highlighting some of the different areas in and around the Boston area and their advantages!

The City of Boston

The city of Boston is one of the most sought-after destinations to open an office for business right alongside Silicon Valley and New York City. Boston’s access to top, highly educated talent, is borderline unrivaled. Additionally, the Boston area is seen as a great place to live and work which appeals to the potential workforce.

Boston is also a city of growth. Take for example Boston’s Seaport district. Once an industrial eyesore, Boston’s Seaport now has multiple luxury high rises and corporate headquarters for a variety of industries. This is sought after area due to its proximity to Boston’s downtown and financial district.

Cambridge is technically a separate city from Boston but just across the Charles River, many of those living in the area consider themselves Bostonians. This area is home to the prestigious MIT and Harvard Universities. In recent years we have seen large swaths of commercial real estate being bought up with offices and laboratories popping up left and right. Biopharma, technology, and start-ups seem to be the theme of businesses succeeding in the Cambridge area.

Just Outside the city of Boston

Suburban towns and cities of Boston have seen the benefit to its rapid expansion. Due to the commercial real estate prices of locations within the city, many businesses are looking to tap in the Boston’s talent pool without forking over massive amounts of cash in the form of a down payment or rent prices. Take Burlington, MA for example. This city just 16 miles north of Boston is home to SAP, Salesforce, Veracode, Keurig, and more! These large enterprises can escape high prices while accessing a workforce looking to live in the Boston area.

The burbs’ of Boston

Some businesses are attempting to get ahead of the curve and look at options even further outside the city. If your business doesn’t need to be in the thick of Boston’s traffic and congestion, it’s probably recommended! Boston’s South and North shore, in addition to Massachusetts Metro West, are all places that have seen significant growth in the last 10-20 years. These still provide relatively easy access to the City of Boston while accessing a top tier workforce.

Quinn and Associates: Analyzing the best option for our clients

Depending on your business’s needs, Quinn & Associates will work tirelessly to present you with the perfect commercial space that will enable your business to grow. Whether its right downtown or down near our office in Brockton, our knowledge and experience in this market allow us invaluable insights to our clients. If you have questions regarding the areas of the Greater Boston Area your business should consider, give Quinn & Associates a call today!