Maverick Square Real Estate in East Boston

Maverick Square is one of the hottest parts of East Boston. It's closer to central Boston than Orient Heights and other local neighborhoods, which is an attractive feature for commuters. The Maverick Square neighborhood is home to a growing number of ultra-modern, ultra-luxurious apartments and condos that are drawing professionals out of the city and into this up-and-coming community. Development strategies have added a tremendous variety of prestigious housing units in the past few years, and new properties are coming on the market now. Despite these recent additions, vacancy rates are very low. Even in the luxury segment, most listings are more affordable than the Boston average.

Luxury Apartments in Maverick Square

If you're interested in high-end properties with ultra-modern finishes, Maverick Square is one of the best places to start your search. Newly completed buildings and renovated properties have excellent amenities, and many apartments have stunning views of the Boston skyline. Depending on the building and its features, apartments near Maverick Square are renting for about $3 per square foot. Units with two or three bedrooms cost anywhere from $2,000 to $4,000 per month. In some ultra-luxury buildings, this could be as high as $5,000. However, these units have generous floor plans with more than 1,000 square feet of living space.

Condos and Houses near Maverick Square

Maverick Square is a fairly busy commercial area with many businesses, restaurants and taller buildings. Condos located in newly renovated multi-family apartment buildings are more commonly available. Row houses and single-family homes are tucked away on some of the quieter side streets. If you're looking for a small, affordable home, studios and one-bedroom units are truly accessible in this area. Today, a buyer can secure a waterfront studio apartment for $250,000.

The median price for single-family homes in East Boston is about $350,000. Top-tier properties are selling in the mid-$500,000s, and larger mixed-use buildings can go as $800,000. On average, homes in Boston list for $469 per square foot. Around Maverick Square, properties are selling for about $350 to $380 per square foot even in luxury buildings, so this is one neighborhood that offers an excellent value to buyers.

Luxury Housing Options

Whether you want to live on the waterfront, near Lewis Mall or on a street off of Maverick Square, Boston City Properties can find an apartment or condo for you. We work with renters and buyers to locate current listings in any part of Boston and at any price. Maverick Square is a great area if you want to move up into a luxury building without paying top-tier prices. New constructions and full-service buildings in this area offer all of the best amenities at a competitive and more accessible price.

If you need a pet-friendly apartment, have special considerations or are relocating from another city, we'd love to hear from you and help you find a place that feels like home. Use our online system to request information on the latest listings near Maverick Square. If you see something you like, we'll schedule a showing at your convenience.

Located in East Boston, this neighborhood has recently undergone a major revitalization project, which took off in 2010. The neighborhood is historically home to commerce, business, and transportation. It has less of a residential character than other areas around Boston, but with several lines of the MBTA running through its center, which meet at the Maverick Station, and with proximity to several major transportation centers, it is considered to be one of the most attractive areas in the city for business growth and development.

In recent years, a major housing redevelopment project made the values of properties, both residential and commercial, rise in the neighborhood. Today, it is considered an opportune place for businesses of many varieties looking to offer services to residents and people located in places a bit further away. The square is home to a diverse mix of buildings, including some beautiful and historic homes that are full of potential for boutique shops, retailers, and small businesses looking to move into a space that is visible and equipped with their basic needs. Some buildings are being offered as mixed-use spaces, which means that they have potential for use as both residences and businesses. A major asset of the real estate in this neighborhood is that it has the comparatively lower price point than in other areas of the city, and it contains many buildings with potential for customizing to meet tenants’ precise needs. As with other parts of the city, there is little new construction here, and instead buildings are being renovated and restored for modern uses. Rather than paying top prices for Class A buildings, prospective tenants and buyers are selecting buildings in the lower Class B and Class C categories that have fewer amenities but plenty of space and strategic locations.

At present, the residential and commercial real estate markets show plenty of activity and potential for future growth. The residential sector contains a combination of condos and apartments, which vary in price based on factors like the building’s age, the number of rooms, total square footage, and the location of the building. Buildings that are situated closer to the main transportation routes, namely the MBTA station, also tend to fetch higher prices. As with the commercial sector, residential buildings in the area vary in condition. Some, which are considered the luxury buildings or Class A buildings, are equipped with the latest amenities and safety features, including on-site property managers, sprinkler systems, and improved heating and cooling systems. Private parking, which is an increasingly desirable commodity, is also usually found in Class A buildings. Class B and Class C buildings, in contrast, may require more work and renovations to make them comfortable to live in, but prospective tenants will find that the price points for these buildings are generally much better.

As with other locations, people looking to move to this area of Boston have the option to either rent or buy property. Apartments and condominiums are offered for an average price of about $400 per month for rent. Those looking to rent condominiums should note that there are often additional fees required for the governing homeowner’s association, which can easily tack on an additional several hundred dollars each month. The homeowner’s association fee is used to cover the cost of basic property maintenance, such as painting, snow plowing, and mowing lawns. Trash and recycling removal may also be covered in that cost. Those looking to buy an apartment or condo unit can expect to find a range of prices, with an average price point of about $550,000. Some properties start as low as $450,000 or less to buy, but others can exceed $700,000.

An example of a property available for rent is a beautiful historic townhouse on Saratoga Street. The building is a loft townhome that is characterized by intricate architecture. The building has plenty of space and more than enough room to fit large pieces of furniture. An open concept floorplan brings ample room for cooking in the kitchen, and the large living room area and dining room are perfectly sized for hosting parties. Another prominent feature of the building is 12-foot ceilings and large windows, which allow plenty of natural light to shine through. The kitchen has been recently updated and renovated, and it features many top-end appliances. Granite countertops and cherry cabinets add to the townhome’s appeal. In addition to the aesthetics, the ample space and generous floor plan create a number of desirable spaces within the building. Along with the kitchen and dining room/living room, the townhouse has a large master bedroom with an ensuite bathroom. A walk-in closet and cherry floors are other highlights of the master bedroom. A second room can be used as a bedroom, and a third bonus room can be turned into a bedroom, home office, or music studio. The building comes with two onsite parking spots, which is a rare and desirable amenity in this part of the city. Outside, tenants can enjoy a meal or coffee on one of two outdoor patio areas. From the roof, views of the city skyline give the townhouse an even more special feel. The building in which this unit is located was constructed in 1920. In addition to the rental price, which is about $520 per month, people can expect to pay an additional homeowner’s association fee of about $423 per month.

Another example of a space up for grabs on the residential market is a multi-floor apartment building located on Chelsea St. The building was constructed around 1930, and it contains about 1,500 SF of living space. The building contains a loft bedroom that is ready for final personal touches. The space is airy and light, and the kitchen has recently been updated with a variety of modern appliances. The building comes with a single private parking space, and there is even a guest parking spot available for the building’s tenants and guests. The building is listed for a sale price of $599,000. It has one bedroom and one bathroom. The unit features an open space and flexible floor plan, and it is characterized by hardwood floors and high ceilings. The Maverick Station is located close by, and residents also have access to the MBTA’s water taxi. The downtown center of Boston is within easy reach, and there are many resident-friendly amenities, including restaurants, bars, and cafés close to the apartment building. City skyline views and proximity to the waterfront are other notable attractions.

In addition to older townhouses and apartment buildings, many of which have been wonderfully renovated, there are some new condos and residential buildings being constructed and offered for sale or lease. One such building is the newly remodeled one-bedroom condo unit on Morris Street. Proximity to transportation is a key feature of the building, which is less than a five-minute walk from the T Station at the airport. The building is offered for a price of about $329,000. There is also a requisite homeowner’s association fee of $165 per month. The unit is located in a building that was constructed in 1910, and it covers a total area of about 625 SF. It is characterized by a number of resident-friendly features, such as a renovated kitchen outfitted with premier appliances. An island in the center of the kitchen adds functionality and aesthetic appeal, and the unit has hardwood floors throughout. The open concept floorplan makes dining and entertaining easy and convenient. Large windows bring sunlight into the interior space, which gives it a warm and welcoming vibe. Sliding doors from the living room open to an outside private deck, where people can enjoy a meal or cup of coffee on a warm day with views of the city skyline. In addition to living space, the unit has its own laundry facilities, and there is extra storage space in the basement.

Along with existing buildings, some landlords and developers are leasing and selling space in buildings currently under construction. An example of such an offer is the chance to own or rent a unit in a forthcoming condominium building on Chelsea Street. The condo unit is offered for a sale price of about $555,000, which breaks down into a price of $647 per SF. Incoming tenants or owners are also responsible for a homeowner’s association fee of approximately $200 per month. The building is located on about 2.30 acres, and it is several stories high. The space offered contains two bedrooms and two bathrooms, and it covers a total area of about 858 SF. The building is considered to be a luxury establishment, and it is characterized by three luxury units with open floorplans, private outdoor areas, top appliances, and hardwood floors. Master bedrooms, available in all units, are equipped with ensuite bathrooms. Another standout feature of the building is the fact that it is located close to several major transportation avenues. The T station is several minutes’ walking distance away, and Piers Park is located five minutes down the road. The East Boston Greenway, which is a popular place for recreational activities, is just one block away.

The residential market in this part of the city is quite active, and the commercial market is equally attractive for both investors and prospective tenants and owners. The commercial sector is comprised of many different types of facilities, including warehouse, manufacturing, and flexible use. In the third quarter of 2017, education and health services accounted for about 22 percent of the business and commercial market in the Boston region. Professional business services, including law, banking, and construction, were the next most well-represented areas. They accounted for about 17-19 percent of the commercial market. Traditionally, the Boston economy has been driven by the healthcare and life sciences industries, as well as professional services like law and banking. These traditional sectors continue to have a strong presence in the city’s economy. They are still main drivers of jobs and growth, but they are being joined at an increasing rate by ecommerce and tech companies.

The commercial sector in Boston and the outlying suburbs consists of a wide variety of buildings that are offered for sale and for lease. The buildings generally fall into three categories of Class A, Class B and Class C. Class A buildings are those that are equipped with state-of-the-art features like advanced security systems, sprinkler systems, central air conditioning, and heating. These buildings are also generally located in prime areas, which is usually either in the downtown center or in key areas near major transportation routes. In the third quarter of 2017, there was about 1.14 million SF of supply space in the area’s commercial sector, which was divided between Class A and Class B buildings. Of that amount, about 80,000 SF was set aside as direct SF available for lease or sale, and about 13,000 SF was available for sublease. The vacancy rate in this area of Boston was just over eight percent, which is lower compared to some other parts of the city, where vacancy rates were as high as 13.6 percent. The commercial market is currently being driven by a higher demand for Class B buildings than Class A buildings. This trend has largely been influenced by the increasing cost of buildings for sale and rent in the area. In the past several years, and especially between 2016 and 2017, the rental rates for office buildings in the area has increased significantly. Between 2016 and 2017 alone, rental rates rose by over 10 percent. There is still a considerable amount of availability in the commercial sector, as tenants are looking to fill spaces that suit their needs. Landlords and building owners are finding that instead of moving into premier Class A spaces, many incoming companies are willing to renovate Class B and Class C spaces to suit their needs. Class B and Class C buildings hold potential because they usually have generous amounts of space, and they are located close to some of the area’s busiest transportation corridors. In the commercial sector, warehouse buildings are the most active, and they account for about 43 percent of the market. Flexible use buildings, which are an increasingly popular type of building to own or rent, are the next most requested spaces. Flexible use spaces, as of the third quarter of 2017, accounted for just over 20 percent of the market. Manufacturing and high bay buildings, which are characterized by loading docks with a height of 24 feet or higher, accounted for 18 percent of the market share each. During the third quarter of 2017, there was approximately 12,800 SF of direct supply space available in the industrial sector in Boston. Of that amount, 1,052 SF was designated as direct SF. There was a little less than 50,000 SF considered suitable for sublease. These figures spanned all classes of buildings, including Class A, Class B, and Class C.

The commercial sector has been quite diverse in recent years. There are still many buildings and spaces deemed to be suitable for the traditional economic drivers in the Greater Boston area, including medical offices, dental offices, and law offices. Incoming tenants are finding that there are still many of these types of spaces available to rent or own. An emerging trend, however, is the use of flexible use spaces. This is common in cases where traditional businesses, such as medical, financial and legal offices, choose to share their space with other businesses and even residential tenants. Mixed use and flexible use space is also increasingly common in former warehouse and industrial buildings, where there is plenty of space for both manufacturing activities and offices.

One example of a flexible use space is a multi-floor and multi-unit building located on McClellan Highway. The building offers about 10 spaces, which have a total amount of somewhere between 0.08 acres and 2.30 acres of space. The building is about 400,000 SF in size, and the rental price is not disclosed. The structure is suitable for companies looking for warehouse and industrial potential. In addition to warehouse space, the building is also equipped with about 2,000 to 4,000 SF of office space, which makes it a perfect place for businesses looking to conduct all aspects of their business under one roof. The facility is considered to be in an excellent location with easy access to both the McClellan Highway and the Boston Logan International Airport, which is one of the busiest airports on the East Coast. The site is also close to the MBTA station that has several commuter lines to and from the city. This is important for attracting the attention of residents, commuters, and weekend or short-term visitors to the area. The building was recently updated with a full sprinkler system, and it comes with drive-in and tailboard docks.

Another example of space that may be available in the commercial sector is industrial space at 440 William McClellan Hwy. The space is listed for a rental price of about $1.66 per SF each month. Tenants looking to occupy the space will find a building suitable for industrial purposes. The space covers an area of anywhere between 0.01 and 0.09 acres. The building covers a grand total of about 121,790 SF. Interested companies also have the option of renting the space for a price of about $19.95 SF each year. Lease terms range from anywhere between one and five years. The building was constructed in 1976 and renovated in 2005, which means that any company looking to purchase or lease the space will not likely have to worry about renovations and modifications in the near future. The building comes with flexible space that has room, in the amount of anywhere between 500 SF and 4,000 SF, for office suites.

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