Worcester Initiates Vacant Storefront Leasing Program
A recent article from the Worcester Business Journal about commercial leasing programs and economic impact is mentioning that Worcester is one of “eight communities across Massachusetts to make a new incentive program targeting empty storefronts.” According to the article, Worcester will now be offering up to $10,000 in refundable state tax credits for certain locations in the downtown commercial area as part of the state’s inaugural empty storefront program. The Worcester Zone will include areas “along Main Street from the former Worcester County Courthouse to May and Hammond streets; along Pleasant Street from the intersection of Main Street to the intersection of Park Avenue; and along Chandler Street from Main Street to Park Avenue.” A total of 129 properties throughout Worcester, Fitchburg, Framingham, Marlborugh and four others will be included.
Programs like this help secure commercial leasing and rebuild the local economy. They’re crucial for a flourishing city and healthy property market. That’s why our property management team is always staying on top of local commercial real estate news and incentives to help make sure that we can maximize the return on any of your commercial properties. Opportunities arise, often times for a short period of time, and knowing the market can make a big difference. DiRoberto Property Management can offer it all. From Property Inspections to Rent Collection and commercial leasing with everything in between, our staff will provide a full service approach second to none.
Welker, Grant. Worcester Business Journal. “Four Central Mass. cities make $10K vacant storefront program” www.wbjournal.com. Accessed 20 September 2019.