Buying or leasing restaurant space in Boston’s tony Beacon Hill neighborhood is a huge undertaking that requires access to the right assistance and resources. To get what you need from one source, connect with Boston City Properties. Read on to find out the many ways in which we can help.
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Restaurant Space
Commercial Real Estate in Beacon Hill, Boston
You can’t hope to find the right location for a new eatery in Beacon Hill without understanding the local commercial real estate market. Approximately 11 percent of households in this neighborhood, which has a population of around 10,000, include children, so family friendly businesses do well. Although covering just 1/6th of a square mile, Beacon Hill is also home to the Massachusetts State House and other sites that draw in tourists. From Louisburg Square to Tremont Street, this neighborhood is chock-full of opportunities for enterprising restauranteurs.
Five Tips for Leasing Beacon Hill Commercial Real Estate
- Prioritize high foot traffic areas – Locate real estate that sees a lot of foot traffic and vehicle traffic to give your new business the best odds of success. Several MBTA transit stations are located here, including Park Street, which services the Red and Green lines, and choosing a spot that’s close to such a station is a smart move.
- Perform due diligence – Personally spend time near any location that you’re considering to see if your business will thrive. Speak to local business owners to see how they have fared, and learn what you can about local dining establishments and how they perform too.
- Establish a conservative budget – Come up with a realistic estimate of how much your eatery is likely to bring in, and then establish a budget for its location to ensure that the cost of the lease won’t compromise your bottom line. Generally speaking, you should aim to earn in a single business day the amount that it costs to cover your monthly lease or loan payment.
- Check the history of the location – Find out as much as you can about other businesses that have been at any location that you’re considering. Has the site ever been home to another eatery? How well did it do?
- Line up the right help – Most importantly, get the help that you need from square one to ensure the smoothest and easiest experience possible. In particular, contact Boston City Properties for a referral to a Beacon Hill commercial real estate agent who can assist you through the process and bring you through to a successful conclusion.
How Boston City Properties Can Help
There are plenty of resources out there regarding commercial real estate in Boston, but cobbling together everything that you need isn’t easy. By connecting with Boston City Properties, you will have access to the resources and help that you need from a single, reliable source. Search our commercial real estate listings to check current availability for what you need in Beacon Hill specifically, and get the latest news regarding the local market via our continually updated website. When you are ready to move forward, contact us to get a referral to a commercial real estate expert in Beacon Hill who can guide you every step of the way.
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If Boston’s commercial real estate market is competitive in general, Beacon Hill’s is downright cutthroat. To find Beacon Hill restaurant space that suits your needs and budget fast and with as little stress as possible, call Boston City Properties today.
Beacon Hill Dining Scene
If you want to open a new eatery in a part of the city that’s sure to get plenty of attention, you can’t go wrong by choosing this iconic Boston neighborhood. Home to the Massachusetts State House and lots of intriguing historical sites, the area attracts crowds of tourists throughout the year. Its proximity to downtown and the Financial District also makes it a huge draw for working professionals, so demand is perennially strong for new places to enjoy a bite.
Although this is one of the tiniest neighborhoods in the city, choosing a precise area to develop a new dining establishment can be tricky. Therefore, do yourself a favor and sign up with Boston City Properties early in your search. You can search our online commercial real estate listings to quickly check current availability of sites that suit your development needs.
Dining out in this elegant neighborhood is an absolute treat, whether for a quick bite at lunchtime or a romantic, candlelit dinner late at night. Picturesque with its brick sidewalks, gas street lamps, stately townhouses, steep hills and narrow, winding streets, there’s a lot to love about this part of the city. It’s easy to see why so many eateries do so well here – and there’s no reason you can’t get in on the action.
From Cambridge Street to Charles Street to Beacon Street, this area abounds with terrific locations for new cafes, bistros and other eateries to set up shop. Although fine cuisine dominates the scene, there’s a healthy array of dive bars and fast-casual options too. Many dining establishments are located in elegant hotels or on the ground floor of high-rise office buildings. From Tuscan-style fare to American classics, nearly every cuisine under the sun is represented in the area.
Kick-start your eatery development endeavors in this elegant Boston neighborhood by connecting with BCP. You can search our listings to check current availability right now. We also have skilled and experienced brokers and agents in the area and can refer you to one when you’re ready. For more information, don’t hesitate to contact Boston City Properties.