If you’re looking for restaurant space in East Boston for a new eatery, it helps to have the right guidance. To that end, you can’t go wrong by connecting with Boston City Properties. Read on to learn more about how we can assist you in finding the perfect location for your new business venture.
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Restaurant Space
About the East Boston Commercial Real Estate Market
When seeking real estate for a new dining establishment in this neighborhood, it helps to understand the local market. The population of this urban/suburban neighborhood is around 47,000 people, and around 31 percent of households include children. With a median household income of around $56,000, the neighborhood is home to local residents who have some extra spending power – and that is always good news when establishing a new business.
Five Tips for Buying or Leasing Commercial Real Estate in East Boston
- Know the lay of the land – Zeroing in on a specific section of East Boston will make it easier to identify suitable locations for your new eatery. With that in mind, educate yourself about Eastie enclaves like Jeffries Point, Orient Heights and Eagle Hill to pinpoint suitable spots for your new business.
- Have an exit plan – Running a successful eatery is no easy feat, so it is crucial to be realistic. With that in mind, have an exit plan in place in case things don’t play out in your favor. In particular, stick with a lease of one to three years maximum at first; later, you can sign a longer lease or purchase property outright.
- Keep an open mind – You may have a vision in your mind about what your ideal location looks like, but odds are that it doesn’t exist – at least, not within your budget. Therefore, be prepared to compromise regarding certain aspects of the property that you lease or buy.
- Pinpoint areas with excellent foot traffic – Focus your search on locations that are close to major transit stops for best results. Several MBTA Blue Line stations are located in this neighborhood, including Airport, Wood Island and Maverick. Selecting a location that is close to these stops or near Logan International can be a great way to lay the groundwork for success from square one.
- Find help – The worst thing to do when looking for real estate for a dining establishment in East Boston is to go it alone. Instead, contact Boston City Properties to be referred to a local commercial real estate agent who can assist you further and help you to find what you need more quickly.
Why Boston City Properties?
As competitive as the East Boston commercial real estate market is, it is essential to have the right help in your corner. By connecting with Boston City Properties early on, you will enjoy access to our free, constantly updated Boston commercial real estate listings. In turn, you can zero in on suitable options in no time. Stay abreast of the latest news regarding Boston commercial real estate via our constantly updated website, and give us a call whenever you are ready for a referral to an East Boston commercial real estate professional.
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There is no need to run yourself ragged when seeking East Boston restaurant space for sale or lease. By signing up now with Boston City Properties, you will get your search off to the best start possible. We’re ready now, so contact us for more information.
East Boston Dining Scene
If you’re looking for a rapidly growing area in Boston to develop a new eatery, East Boston should be near the top of your list. Once a primarily industrial area, Eastie has been undergoing massive redevelopment in recent years; most notably, Suffolk Downs is becoming a sprawling mixed-use development that will create more business opportunities for savvy restauranteurs.
Although not known for its dining scene per se, this neighborhood has slowly but surely developed an eclectic array of options. Each block within its borders is unique, creating many small microcosms where various cuisines can thrive. Therefore, regardless of the type of eatery you have in mind, this neighborhood will have a suitable spot.
An exciting new dining scene is emerging across the area in a neighborhood best known for being by the airport, the former racetrack and the Harbor. Spurred on by the massive spike in development along the waterfront, new eateries have been opening along major thoroughfares like Chelsea Street and Bennington Street – and from Suffolk Downs to Jeffries Point.
Thanks to its ethnic diversity, the neighborhood is home to eateries spanning various cuisines. Most establishments offer relatively affordable fare, but there are some higher-end fine-dining establishments in the area too.
From American pub food to Australian hand pies, eateries in the area span many styles, cuisines and layouts. The neighborhood features many mainstays that have been there for decades. The influx of new housing developments has also brought many new, innovative eateries to the area.
The annual Taste of Eastie festival allows local eateries to share their best dishes with festivalgoers, helping raise awareness and generate buzz. Several relatively low-key spots have even been featured on popular cable TV shows, casting the spotlight on the neighborhood even more.
If you’d like to acquire space to develop a new eatery in this vibrant Boston neighborhood, Boston City Properties can help. You can search our commercial real estate listings to check current availability of properties that meet your requirements. We can also refer you to local brokers whose insights are sure to make a big difference, so call today for more information.