If you’re hunting for suitable restaurant space for sale or lease in Allston, Boston, look no further than Boston City Properties. We have the resources and connections that you need to zero in on commercial properties that suit your needs and your budget; read on to learn more.
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Restaurant Space
Understanding Allston’s Commercial Real Estate Market
Before searching for real estate for an eatery in Allston, it pays to understand its local market. The population hovers around 33,000 people, and roughly 10 percent of households include children. Young adults account for around 78 percent of the population due to the proximity of many colleges and universities, and the neighborhood is well-known for its Allston Christmas. This annual event falls on September 1st, which is traditionally when the yearly influx of students descends upon the area. From Commonwealth Avenue to Allston Square, the neighborhood provides many opportunities for prospective business owners.
5 Tips for Leasing or Purchasing Commercial Real Estate in Allston
- Research local demographics – You should know what your ideal customer looks like. The next step is determining whether the local market includes them. The median income of the neighborhood is around $48,000 per year, making it one of the less affluent areas in the city – but don’t let that fool you.
- Set up a reasonable budget – Be realistic when setting up a budget for your new business. The rent or mortgage payment will be among the most crucial aspects of keeping the place afloat, so make sure to have a conservative estimate for what you can afford and how much revenue your eatery should generate.
- Learn what is included with the lease – Don’t stop at looking at the monthly rent price when assessing the affordability of a location in this neighborhood. Find out exactly what is included with that payment and what you are responsible for yourself to determine just how affordable a property really is.
- Seek sites with plenty of foot traffic – Word of mouth is among the best ways to market a dining establishment – and foot traffic helps enormously with that. Choose a location that is close to transit stops or near major colleges, universities, hospitals, office buildings and the like for best results.
- Get help – Don’t attempt to find suitable commercial real estate in Allston on your own. Instead, contact Boston City Properties for a referral to a local commercial real estate agent or broker. This professional can provide insider’s knowledge of the local market that is sure to make your quest that much easier.
Why Boston City Properties?
If you’re ready to lease or buy restaurant space in Allston, Boston, Boston City Properties is ready to help. You can sign up using the simple form for free, immediate access to our vast online database of searchable Boston commercial real estate listings to get the ball rolling. Visit our website often for the latest Boston commercial real estate news and information, and contact us when you are ready to be referred to an Allston commercial real estate professional who can assist you further. Before you know it, you will be opening the doors of your new dining establishment.
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Boston City Properties is here to help you to find the perfect spot in Allston for your eatery. For up-to-the-second info regarding availability, referrals to skilled agents and much more, give us a call today.
The Allston Dining Scene
Are you interested in developing a new eatery in this unique Boston neighborhood? Boston City Properties can help. Best known for its substantial student population, this part of the city is often overlooked by people seeking the best dining establishments in Boston. Its dining scene was dominated by dive bars and other establishments catering to local college students for a long time. Those types of places still abound, but they are increasingly being joined by different options, including many types of cuisine.
This part of the city also features a large immigrant population, which has spurred the development of many unique eateries across the area. Here, most dining establishments are located on Commonwealth Avenue, also known as Comm Ave. Still, plenty of others are found along Brighton Avenue, Cambridge Street, Harvard Avenue and other major thoroughfares.
Although pubs, pizzerias and bars dominate the neighborhood, many innovative fast-casual options have popped up lately. Even in the wake of the pandemic, many new establishments have done well in this neighborhood, demonstrating the strong demand for unique dining options that are sure to continue well into the future.
This neighborhood isn't known for its fine dining, but the food scene has been evolving considerably in recent years. There's something for everyone amid its jam-packed streets, from Korean food – especially fried chicken – to fast-casual American fare.
If you want to acquire land to develop a new eatery in this vibrant Boston neighborhood, it helps to line up all the assistance you can. With that in mind, connect with Boston City Properties from the get-go for smoother sailing.
With our help, you can identify properties for sale with the attributes you need to develop a successful dining establishment on major thoroughfares like Comm Ave, Harvard Avenue and Brighton Avenue. We'll give you access to our online listings so that you can quickly zero in on viable options. Our team has brokers in the area too who know the local dining scene well and who can assist you in finding suitable options. We're ready when you are, so contact us today for more information.