What Does the Term Turnkey Mean on a Real Estate Listing?

What Does the Term Turnkey Mean on a Real Estate Listing?

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The world moves fast. In the world of digital communication, social media, and the Internet, business ideas can move from conception to life very quickly. Leasing a traditional office space, however, can take some time, especially if there are necessary improvements before the new client can begin business in their new office space. How then, do you find an office rental to accommodate your needs if time is of the essence? A turnkey commercial space may be your solution. “Turnkey” is a term often heard when renting a commercial space, but what does it really mean? A turnkey listing, regarding commercial real estate, is a commercial space that is mostly or wholly prepared for occupancy. This means that many or all features of the space are in place and in…
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Amenities Included in Our Commercial Space

Amenities Included in Our Commercial Space

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Not all commercial spaces are created equal. Spaces can be outfitted in any number of ways. Luckily, Cummings Properties offers a diverse range of design options and amenities to meet your needs, typically at half of the cost of leasing in Cambridge or Boston. Cummings offers all different types of offices suites. The three most common categories are laboratory space, office space, and flex space, each outfitted for any number of intentions. Laboratory Suites Laboratory suites are a common choice for tech firms, medical offices, and other businesses needing a lab facility. Leasing a laboratory suite often includes a custom buildout, but Cummings Properties has an incredibly helpful, fully integrated leasing system that makes the construction process clear and simple. Laboratory space offerings include incubator labs, wet rooms, clean rooms,…
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Understanding the Process of Leasing a Commercial Space

Understanding the Process of Leasing a Commercial Space

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Leasing commercial space is a different process than leasing residential real estate. There are different factors to take into account that not everyone would think of. Especially if it is your first time leasing commercial office space, the process likely seems very daunting. Here is a short guide to understanding the process of leasing a commercial space. As always, Cummings Properties’ offers a fully integrated leasing system with advice on and services related to construction, financing, design, and more. Whether it's your first or tenth time, Cummings Properties can make the process easy. Location is important to the health of a business. You need to consider your customer base, access to other parts of the city, and your desired size. Once you’ve decided on a location that fits your needs,…
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Leasing vs. Owning a Commercial Space

Leasing vs. Owning a Commercial Space

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Investing in a commercial space can be an overwhelming task, especially for someone looking into commercial real estate for the first time. Terminology is thrown around and not always explained. One of the most common questions regarding commercial real estate is, “What is the difference between leasing and owning?” The basic differences between the two is very simple; the complexity lies in the details of the two. Leasing an Office Space Leasing a space is essentially like renting a residential property. Each month, the tenant pays the landlord a certain predetermined amount of money for rent. In exchange, the landlord carries many of the responsibilities of property management such as maintenance and purchasing building insurance. Additionally, in the short-term, leasing is much more cost-effective than owning for many companies, especially…
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