Embracing the Startup Industry
From East Cambridge to the ‘burbs of Greater Boston, the local startup industry continues to boom. Frequently operating with tight budgets and uncertain futures, however, these early-stage companies are not ideal prospects in the eyes of many commercial real estate firms. By focusing instead on the high potential of passionate, innovative entrepreneurs, Cummings Properties has found plenty of reasons to take a chance on the “little guy/gal” and has developed strategies to create win-win leases with startup firms. [caption id="attachment_964" align="alignright" width="950"] Image via mashable.com[/caption] Flexible lease terms Forecasting business growth beyond a few years can be difficult for well-established firms and is especially challenging for startups. As a result, young companies are often wary of signing long-term leases. By offering early-stage firms flexible short-term leases – with a guarantee…