Leasing Or Buying Retail Sites in Belmont: A Great Idea!

This growing community of well over 24,000 in the western suburbs of Boston offers many excellent retail locations. The 4.7 square mile municipality, now densely populated, lies immediately south of the Concord Turnpike. Today it adjoins Cambridge on the east, Watertown on the south, Waltham on the west, and Arlington on the north. The community offers a ready-made local marketplace for many retailers.

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Retail Space

Another reason to choose this town for a storefront location relates to the great selection of existing available commercial properties here. Incorporated in 1859, the community has welcomed businesses in its midst for generations. If you've searched for a city with a well-developed local infrastructure and many existing commercial buildings suitable for refurbishment into retail locations, then this former manufacturing setting proves ideal!

Some Neighborhoods Here

For many years, this city served as an industrial and clay mining center (it exported bricks throughout Middlesex County during earlier centuries). Today some prominent neighborhoods here still contain a high percentage of commercial buildings, including the Town Center Neighborhood, Waverly, and Payson Park. In many cases, retail storefronts sit along well-developed urban roads adjoining residential enclaves. Some new business parks here stand close to major roadways, such as the Concord Turnpike (Route 2) passing through the northern edge of the city. Leonard Street offers an extensive developed commercial district in the heart of the downtown.

Businesses seeking retail premises discover a good selection of established sites. Opportunities also arise from time to time to build new facilities on lots zoned for commercial purposes. The variety of venues permits this community to appeal to a broad spectrum of retail establishments.

Leasing Belmont Retail Space

Business owners encounter commercial leasing opportunities here frequently. Prices per square commercial foot vary, based upon a number of factors. A retail building's location, age, and layout may all influence rental prices. Some tenants pay premium rates in order to enjoy exceptional signage opportunities, or in-demand features such as off-street parking.

Although exceptions occur, in some cases landlords will consider offering discounts to new businesses seeking to establish a presence in the community. For example, if a company makes some of its own retail space available for rent, it may seek to encourage compatible non-competing enterprises to locate in the adjoining premises. The presence of these firms may attract additional customers to the landlord's facilities.

Purchasing Retail Property in This Community

Frequently, retail firms decide to purchase real estate rather than lease a business location. Due to the industrial activity which occurred in some locations in this community during previous eras, it may prove helpful to carefully research the history of available properties prior to making a purchasing decision. Taking this step may bring greater assurance that potential environmental hazards do not pose an ongoing concern.

Vintage retail buildings often supply outstanding locations for specific types of business enterprises. If you've considered opening an antique shop, for example, locating your store in an older building may contribute to the ambiance of the storefront. Many opportunities exist in this historic city for a variety of specialized retail outlets. The rich history of the local area contributes to the charm of some specialized boutiques here!

Listing Retail Space For Lease or Sale

Owners of commercial properties in this location sometimes choose to use their premises for their own company activities. However, they may also decide to employ their realty as a source of rental income. Ownership offers many options; the diversity of the economy here means that some in-demand sites generate steady streams of revenue throughout the year.

If you own real estate in this municipality, and you've contemplated listing your property for sale or for lease, we'd like to encourage you to speak with Boston City Properties. We offer a variety of timely real estate services. Our company pays close attention to real estate market trends impacting communities within the Greater Boston Metropolitan Area. Today, the expansion of the largest urban center in Massachusetts has instilled new vitality into many retail locations in outlying suburbs. Deciding whether to lease or to sell a particular site frequently constitutes a very important financial decision!

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Retail Space