Finding restaurant space for sale or lease in Back Bay, Boston, doesn’t have to be an ordeal. Find out how Boston City Properties can assist you in securing the perfect location in this in-demand neighborhood.
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Restaurant Space
Gain Insider’s Knowledge of Back Bay Commercial Real Estate
With a population of around 21,500 – and thousands of people flooding into the neighborhood every day for work and school – this neighborhood is a prime place to establish an eatery. Massive office buildings like the Pru and 111 Huntington Avenue provide vast supplies of potential customers, and glitzy condo and apartment buildings along thoroughfares like the Massachusetts Turnpike, Boylston Street, Commonwealth Avenue and Beacon Street are home to thousands of people who could become regulars at your establishment.
Tips for Securing Commercial Real Estate in this Neighborhood
- Location is everything – Major MBTA stops for the Green Line and Orange Line are located throughout the neighborhood. Choosing a location close to a transit stop is an excellent strategy for ensuring the long-term success of your business.
- Demographics are key – It’s important to consider the demographics of an area before buying or leasing real estate for a business. The median household income for this neighborhood is $100,621, so locals are likely to have plenty of discretionary income at their disposal.
- Scout it out – Spend a day checking out the comings and goings near any spot that you are considering. If families are in your target demographic, understand that only about 7 percent of households here have children. With a median home value of $991,800 and median monthly rent of around $2,100, you’re apt to see many successful young professionals around. Proximity to schools like the Berklee College of Music could make your spot a hit with students and employees alike.
- Have an exit plan – Running a successful eatery is a high-risk endeavor, so make sure that you have an easy way out if things don’t go as planned. Ideally, aim to secure an initial lease of one to three years; you can sign a longer one later – or buy a property outright – after becoming more well-established.
- Get help – Due to the intricacies of buying or leasing commercial real estate in this in-demand Boston neighborhood, it’s essential to connect with the right resources from the get-go. By signing up with Boston City Properties, you will have access to skilled commercial real estate agents and other resources that will give you insider knowledge of the local market and more.
Why Boston City Properties?
When it comes to leasing or buying restaurant space in Back Bay, it pays to have the right help when you need it. Boston City Properties is here to provide it in a number of ways. We can refer you to a skilled commercial real estate agent in this neighborhood who can assist you throughout the process. You can sign up right now for free, instant access to our searchable Boston commercial real estate listings. Our website is constantly updated with the latest commercial real estate news and advice too, so be sure to check it out!
Contact Us Today
Don’t settle for less when seeking real estate for your Back Bay dining establishment. Boston City Properties is here when you need us, so give us a call today to get started.
Local Dining Scene
If you want to open an eatery in Boston, you’d be hard-pressed to find a better place than Back Bay. With its charming Victorian rowhouses, chic antique shops, upscale boutiques and high-end hotels, Back Bay is ground-zero for the best that Boston has to offer. Its dining scene is no exception, of course.
From Copley Square to Newbury Street, the neighborhood bursts at its seams with dining options. Although most of the eateries here revolve around fine dining, there are plenty of fast-casual options across the neighborhood too. Many dining establishments in the area feature signature dishes by celebrity chefs and other notable names.
Without question, the neighborhood is the place to see and be seen when dining out in Boston. Once spring hits, many eateries in the neighborhood take advantage of the nice weather and lovely outdoor scenery by opening up their dining patios.
Alfresco dining in this iconic Boston neighborhood abounds once the temperatures rise. Especially since the onset of the pandemic, eateries throughout the area have been jumping onto the outdoor dining bandwagon. The city has also made it easier for dining establishments to offer more outdoor seats, so alfresco dining is more popular than ever.
From wine bars to steakhouses to eateries dishing up the best local seafood around, Back Bay dining covers all the bases. Therefore, regardless of the type of eatery you’d like to open there, you can rest assured that it will find an enthusiastic audience.
Since the neighborhood has so many high-rise buildings, many eateries offer rooftop dining. This unique experience allows diners to take in amazing views of the neighborhood, downtown, Boston Harbor and beyond. Eateries here tend to be on the cutting-edge of things because it’s such a trendy area – and has been for years. For example, some establishments will prepare your food tableside on a hot rock for you.
Are you interested in acquiring space to develop an eatery in the area? Boston City Properties can help. Contact us today for more information about this neighborhood, its dining scene and how to acquire the perfect property for your development plans.