The Shrewsbury Advantage

Shrewsbury is a proud New England town, incorporated in 1727. With an industrial history of gunsmithing, watch factories, and sawmills in the 1800s, followed by its establishment as a summer resort spot along Lake Quinsigamond, Shrewsbury has grown and flourished into a suburban town distinguished by recreational opportunities, restaurants, and a myriad of businesses. The Town prioritizes being highly welcoming to new businesses, maintaining top-notch municipal services, and operating an award winning public school system. The Town of Shrewsbury is committed to providing the highest level of services while remaining an affordable place to live and work. 

Shrewsbury is located in the heart of the Commonwealth, ideally situated between Worcester and the I-495 Corridor. Massachusetts is a leader in technology and biotechnology, with companies continuing to come to the state in pursuit of its hub of intellectual and business resources. Boasting a mix of world-class universities, hospitals, and internationally acclaimed medical schools, Massachusetts is at the forefront of achievement. The City of Worcester has more students per capita than any other major city, and with Shrewsbury only minutes away, the town is able to capitalize on its proximity to an intellectual capital of North America.   

In 2011, Shrewsbury was awarded mid-level gold status as a "BioReady" community by the Massachusetts Biotechnology Council. The Journal of New England Technology has ranked Shrewsbury as the second best in the 10 Best and Worst Massachusetts Towns and Cities for High-Tech Companies. Centech Park North is located adjacent to Charles River Laboratories Center of Excellence, Boston Scientific, as well as near University of Massachusetts administrative offices. With unmatched intellectual capital within easy reach,  low tax rates, quality municipal services, and highway accessibility, Shrewsbury is an ideal location to grow a business.

Fast Facts 

Population in 2010: 35,608

Median Household Income: $98,790

Number of Households: 12,909

Median Age: 40.6 years

Unemployment Rate as of 2018: 3%

Average Commute Time to Work: 28 minutes

Number of Nationally Registered Historic Places: 3

Number of Parks: 16

Population with at least Bachelor's Degree: 56% 

Lowest Tax Rates in Region

Educated Workforce

Shrewsbury is home to a highly-educated workforce of professionals in science, technology, business, education, and health care. There are 13 colleges and universities within 10 miles of Shrewsbury, some of which include:

  • Worcester Polytechnic Institute

  • Worcester State University

  • College of the Holy Cross

  • Clark University

  • Quinsigamond Community College

  • Assumption College

  • Becker College

  • University of Massachusetts Medical School

  • Massachusetts College of Pharmacy and Health Sciences

  • Cummings School of Veterinary Medicine at Tufts University

  • Anna Maria College

Regional Context Map

Click to enlarge:

shrewsbury locus.JPG

Shrewsbury is bordered by the City of Worcester and the towns of Boylston, Northborough, Westborough, and Grafton. Lake Quinsigamond is a 4 mile long lake along Shrewsbury's western border with Worcester, and is a popular location for hosting crew regattas, as well as offering lakeside properties and a popular shopping center.  

Favorable Market Trends

  • Building permits issued in Shrewsbury in 2016 and 2017: 480 permits

  • Shrewsbury FY 2018 total assessed valuation: $5.81 billion

  • Lowest tax rate in the region: $12.66 per $1,000

  • Worcester office market conditions (Q4 2018):

    • Vacancy rate: 8.6%

    • Rent per sq.ft.: $19.02

    • Available sq.ft.: 3.8 million

    • Buildings: 1,644

  • Worcester industrial market conditions (Q4 2018):

    • Vacancy rate: 6.5%

    • Rent per sq.ft.: $6.94

    • Available sq.ft.: 11.8 million 

    • Buildings: 2,075

Close Proximity to Cultural Attractions

Popular cultural attractions in the region include: 

  • Wachusett Mountain Ski Area

  • Worcester Art Museum

  • Worcester Historical Museum

  • EcoTarium

  • Hanover Theatre for the Performing Arts

  • DCU Center

  • Tower Hill Botanic Garden

  • Museum of Russian Icons

  • American Antiquarian Society

  • Elm Park

  • Green Hill Park

  • Popular local restaurants, breweries, and wineries

Formerly known as the Allen Property, Centech Park North is a 66-acre property located in historic Shrewsbury, Massachusetts. The site is situated between Routes 9 and 20, and just over a mile from the Grafton commuter rail station along the MBTA Worcester-Framingham line. Zoned as Office/Research with a Flexible Development Overlay District, permitted uses include Office, Research and Development, Laboratory, Accessory Manufacturing, Assisted Living, Healthcare, or Campus. This parcel is fully equipped with utilities and the development of a roadway in the northern section is underway. The Shrewsbury Development Corporation welcomes discussions with developers interested in the site. 

Visit the Shrewsbury Development Corporation (SDC) website:

https://shrewsburyma.gov/378/Shrewsbury-Development-Corporation

ABOUT CENTECH PARK NORTH

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