Andover Massachusetts Industrial Warehouse Spaces for Rent

Andover, MA Warehouse Space for Rent.

Discover exceptional Andover, MA warehouse space for rent that caters to businesses of all sizes. Located conveniently, our versatile facilities offer ample square footage, flexible lease terms, and tailored solutions to meet your specific storage, distribution, and warehousing needs. With state-of-the-art security systems, efficient loading docks, and professional on-site management, you can ensure the seamless operation of your business. Our Andover warehouse space for rent is the perfect solution for businesses looking to expand their operations, optimize supply chain efficiency, and enhance their overall productivity. Contact us today to schedule a tour and secure your ideal warehouse space in the thriving Andover, MA market.

Benefits of Andover's, Industrial Market.

Andover's Industrial Market offers a range of advantages for businesses seeking warehouse space.

• Prime Location: Andover is strategically located at the intersection of major highways, providing easy access to Boston, New Hampshire, and beyond.
• Highly Skilled Workforce: The area boasts a skilled and educated workforce, ensuring businesses can find qualified employees.
• Business-Friendly Environment: Andover offers a pro-business environment with competitive incentives and a supportive local government.
• Modern Warehouses: The industrial market features a variety of modern and functional warehouse facilities to meet the needs of various businesses.
• Transportation Infrastructure: Andover has excellent transportation infrastructure, including rail lines and a nearby international airport.
• Growing Industrial Hub: The town is rapidly becoming a major industrial hub, attracting a diverse range of businesses.
• Competitive Rental Rates: Warehouse rental rates in Andover are competitive compared to surrounding areas, providing businesses with cost-effective options.
• Excellent Amenities: Andover offers a wide range of amenities, including restaurants, retail stores, and recreational facilities, creating a desirable location for employees.
• Strong Community Ties: The town has a strong sense of community and a commitment to supporting local businesses.

Why Andover is a Great Place to Locate a Business.

Andover, MA offers a wealth of advantages for businesses seeking an ideal location to establish or relocate their operations. Some of the key benefits include:

• Strategic Location: Andover is situated along Interstate 93 and Route 125, providing convenient access to Boston and major transportation hubs.
• Economic Vitality: The town boasts a thriving economy with a diverse mix of industries, including healthcare, technology, and financial services.
• Skilled Workforce: Andover has access to a highly educated and skilled workforce, with numerous colleges and universities nearby.
• Excellent Infrastructure: The town offers reliable utilities, high-speed internet, and a robust transportation system.
• Favorable Tax Climate: Andover's business-friendly tax environment includes low real estate taxes and a competitive personal income tax rate.
• Quality of Life: Andover offers a high quality of life with award-winning schools, cultural amenities, and recreational opportunities.
• Strong Business Support: The town provides numerous resources and support services to businesses, including the Andover Economic Development Council.
• Abundant Warehouse Space: Andover offers a range of warehouse spaces for rent, catering to the needs of various businesses.

Key Industries in Andover.

• Higher Education - Home to Phillips Academy, one of the oldest and most prestigious preparatory schools in the U.S., as well as Merrimack College.
• Healthcare - Major healthcare providers such as Lawrence General Hospital and Merrimack Valley Healthcare System.
• Technology and Innovation - Growing technology hub with companies specializing in software development, data analytics, and biotechnology.
• Manufacturing - Historical center for manufacturing, with a focus on precision engineering, electronics, and textiles.
• Professional Services - Strong presence of financial, legal, and consulting firms servicing the region.
• Retail and Hospitality - Variety of retail stores, restaurants, and hotels catering to the affluent population.
• Education and Non-Profit - Numerous cultural institutions, museums, and non-profit organizations contribute to the community's vibrant arts and cultural scene.
• Tourism - Historic town with attractions such as the Addison Gallery of American Art and the Andover Historical Society.

Demographics.

• Population: 33,223
• Median Age: 42
• Median Household Income: $138,470
• Education: 48% of residents have a bachelor's degree or higher.

Market Statistics.

• Vacancy Rate: 10.5%
• Average Asking Rents: $12/SF/YR
• Total Inventory: 9,200,000 sq. ft.