Lawrence, Massachusetts, is an attractive location for businesses, offering a unique blend of history, industry, and culture. With a population of around 90,000, the city provides a diverse and thriving environment for Commercial Real Estate Properties For Lease, making it an ideal location for entrepreneurs and investors. The city's rich history as a former textile center has led to a diverse manufacturing industry, producing electronic equipment, textiles, footwear, paper products, computers, and foodstuffs. Notable residents, including poet Robert Frost, composer Leonard Bernstein, and singer Robert Goulet, have contributed to the city's cultural heritage. The presence of Lawrence General Hospital, the Lawrence Correctional Alternative Center, and the city's own police and fire departments ensures a high level of public safety and healthcare services.
Lawrence offers a range of Commercial Real Estate Properties For Lease, with 35 listings available. The average annual rent per square foot is $18 USD, with sizes ranging from 75 square feet to 92,023 square feet. In addition to Commercial Real Estate Properties, Lawrence also offers Office Space, Coworking Space, Retail Space, and Industrial properties, each with its unique characteristics and benefits. Office Space is ideal for businesses requiring a professional setting, while Coworking Space provides a collaborative environment for entrepreneurs and startups. Retail Space is perfect for businesses seeking high visibility and foot traffic, and Industrial properties cater to manufacturers and distributors. With its diverse economy, rich history, and excellent infrastructure, Lawrence is an attractive location for businesses of all types.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Lawrence, Massachusetts, there are several key factors to consider, including:
- Average annual rent per square foot, which is currently $18 USD per square foot, and average space size, which is approximately 7,914 square feet, to ensure the property fits your business needs and budget.
- Proximity to major transportation facilities, such as Interstate 495, Route 28, and the Senator Patricia McGovern Transportation Center, which can impact accessibility and visibility for your business.
- The local economy and industry, including the presence of major employers in healthcare, public safety, utilities, and education, as well as the diverse range of manufacturing industries, to determine the demand for your business and potential for growth.
With 35 available listings of commercial real estate in Lawrence, it's essential to carefully consider these factors to find the ideal property for your business.
How do I determine the right size and type of commercial property to rent for my business needs?
When searching for the right commercial property to rent for your business needs in Lawrence, Massachusetts, it's essential to consider the size and type of property that aligns with your business requirements. With 35 available listings of commercial real estate for lease in Lawrence, you'll want to narrow down your options by evaluating your business's specific needs.
- First, determine the average size of commercial space you'll need, considering factors such as the number of employees, equipment, and inventory. In Lawrence, the average size of commercial space for lease is 7,914 square feet, with a maximum space size of 92,023 square feet.
- Next, think about the type of commercial property that suits your business, such as office, retail, industrial, or warehouse space. Lawrence's diverse manufacturing industry, which produces electronic equipment, textiles, footwear, paper products, computers, and foodstuffs, may influence your decision.
- Finally, consider the location and accessibility of the property, taking into account Lawrence's transportation infrastructure, including Interstate 495, Route 28, Route 110, and Route 114, as well as the city's public transportation options, such as the Merrimack Valley Regional Transit Authority's bus service and the MBTA Commuter Rail system.
