Commercial office space in Andover and North Andover includes single‐tenant properties, small professional office buildings, office parks, downtown Boston skyscrapers, and everything in between.
There are many small office space options available for every kind of business imaginable. This type of office space can be found in small buildings up and down main streets and adjacent cross streets of downtown locations as well as any areas zoned for business. Larger office buildings and office complexes are available as well and generally have different classifications and descriptions.
North Andover commercial property
Office Space Availability
Inventory of office space changes frequently. We represent clients looking to lease and or purchase industrial real estate property. Fill out our inquiry form to the right and we will provide you with the current inventory of industrial space in the area you are looking for.
Office space classification
Office buildings are usually loosely grouped into one of three categories: Class A, Class B, or Class C. These classifications are all relative and largely depend on context. Class A buildings are considered the best of the best in terms of construction and location. Class B properties might have high quality construction, but with a less desirable location. And Class C is basically everything else.
Central Business District (CBD). Office buildings located in the central business district are in the heart of a city. In larger cities like Chicago or New York, and in some medium sized cities like Orlando or Jacksonville, these buildings would include highrises found in downtown areas.
Suburban office buildings. This classification of office space generally includes midrise structures of 80,000-400,000 square feet located outside of a city center. Cities will also often have suburban office parks which assemble several different midrise buildings into a campus-like setting.
Commercial Leases
There are three basic types of industrial space commercial real estate leases. These leases are organized around two rent calculation methods: “net” and gross.” The gross lease typically means a tenant pays one lump sum for rent, from which the landlord pays his expenses. The net lease has a smaller base rent, with other expenses paid for by the tenant. The modified gross lease is a happy marriage between the two. While terms vary widely building by building, this basic overview will help businesses shop for the best deal possible.
Always work with an experienced commercial real estate broker when negotiating a commercial lease.
