Understanding the Process of Leasing a Commercial Space

Understanding the Process of Leasing a Commercial Space

blog, commercial offices
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

blog, commercial offices
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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Keeping our commercial property local

Keeping our commercial property local

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Although conventional wisdom advises commercial property owners to reduce risk through geographic diversification, Cummings Properties has never been a conventional company. When Bill Cummings began expanding Cummings Properties' commercial real estate portfolio beyond Woburn, he decided that no property could be so far that he couldn’t pedal there on his bicycle. A Local Commercial Property Company Through and Through We’re proud to have a spot – No. 8 to be exact – among the successful and well-respected global giants on Boston Business Journal’s recently released list of the Largest Commercial Real Estate Leasing Firms in Massachusetts. We’re even prouder, however, to be a local company through and through. Cummings Properties has been betting on the Boston suburbs for 46 years. We work here. We live here. We build here. We give…
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If you lease commercial property, it’s time to get on social media

If you lease commercial property, it’s time to get on social media

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Facebook, Twitter, Snapchat, Tumblr – it seems like a new social media platform is popping up every day. There’s no denying the importance of a strong digital presence, but busy commercial real estate professionals need to make sure that time allocated to social media is time well spent. With so many options, how do you know which channels can most effectively build your brand and boost credibility? Here are three suggestions: LinkedIn: LinkedIn lets you showcase your skillset by letting others sing your praises. Endorsements and recommendations from clients and colleagues are great ways to validate your expertise. Follow industry influencers to gain direct, instantaneous access to experts and to stay up to date with trends and news. But, don’t just sit back and “listen.” Use status updates and Groups…
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Renting Office Space? Use Our Checklist to Make Sure Your Space is Perfect

Renting Office Space? Use Our Checklist to Make Sure Your Space is Perfect

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When it comes to renting office space or other commercial property business owners often overlook important details that could make working in their new space a challenge.. But it doesn’t have to be. To ensure you're leasing the perfect space, here’s a checklist of things you may not have considered. ◰ Meet the Neighbors Speaking to a few existing clients is a great way to get an insider’s perspective on the property, as well as get a feel for whether it’s the right place for you. Scanning the on-site or online client directory will tell you if the building is home to any competitors, and better still, potential partners or customers for your business. ◰ Can You Hear Me Now? Reliable cell phone service and Wi-Fi accessibility are essential elements of running…
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Biotech in the ‘Burbs

Biotech in the ‘Burbs

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As vacancy rates in Cambridge remain low and rents there remain high, one might think that biotech firms unable—or unwilling—to pay the average $55-per-square-foot rate would be left out of the Kendall Square party. The reality, however, is that life sciences firms, large and small, are finding plenty of reasons to venture outside the city. The result—the emergence of thriving biotech communities in the ’burbs. Related: Lab Space: Is the “Top” Choice the Best Choice? Low Costs With rental rates typically one-half to one-third of those in Boston and Cambridge, the suburbs have become an attractive option for many biotech companies. Scientists leasing space in communities like Woburn, Medford, and Beverly are paying $11 to $36 per square foot less than they would in the city. Less money going to…
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Cummings Cones Treats Clients

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The kids are back in school, the sun is setting a little earlier, and the leaves are getting a little brighter. Even though summer officially ends on Wednesday, we have one final summertime treat for our clients -- and it's by far the coolest client perk yet. To show you just how sweet it is to have your business, we rented an ice cream truck. That's right, on Wednesday, September 23 the Cummings Cones Ice Cream truck will visit Woburn and Wakefield clients to deliver free Bomb Pops, Drumsticks, Choco Tacos, and other childhood favorites to clients. Want to be the first in line? Cummings Cones will kick off its trip at 299 Washington Street from 2:00 to 2:30 PM, before making its way to Audubon Road. in Wakefield from 3:00 to 4:00 PM. Keep…
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Cummings Cones Treats Beverly Clients

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The kids are back in school, the sun is setting a little earlier, and the leaves are getting a little brighter. But summer isn't over just yet. In fact, we have one final summertime treat for our clients, and it's by far the coolest client perk yet.   To show you just how sweet it is to have your business, we rented an ice cream truck. That's right, on Friday, September 18, the Cummings Cones Ice Cream truck will visit Cummings Center and 50 Dunham Road to deliver free Bomb Pops, Drumsticks, Choco Tacos, and other childhood favorites to clients. Want to be the first in line? Cummings Cones kick off its trip at 50 Dunham Road from 11:45 AM to 12:45 PM, before making its way to Cummings Center from 1:00 PM to 4:00 PM. (Check out…
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