Fenway Retail Space - For Rent & Sale

If there's one neighborhood in Boston that's been transformed in recent years, it's Fenway. A number of mixed-use developments have sprung up in recent years, and they've made even more retail and commercial space available in the neighborhood. If you're in the market for Fenway retail space, then, you can take your pick from lots of options. Variety is great, but this is a decision that shouldn't be made at random. Rather, you should arm yourself with useful, accurate, up-to-date information, and that's what you'll get when you sign up for access to Boston City Properties' free, constantly updated listings for retail and commercial space in this exciting Boston neighborhood.

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Retail Space

Advantages of Buying or Leasing Retail Space in Fenway

Not sure about buying or leasing commercial space in Fenway? There are lots of great reasons to do so. Most notably, the neighborhood has positively boomed in recent years. Like the rest of Boston, retail sales are way up. This is largely because household income in the Boston-Cambridge-Quincy area is expected to increase by around 4 percent over the next year or so. Shoppers are out there, and by putting your business in Fenway, you'll be right in front of them. Also, properties in this neighborhood are often eligible for different types of leases, giving you the flexibility you need to find a place that suits your business's needs and budget.

Browse Boston City Properties' Listings for Fenway Retail Space Information

Feeling puzzled about how to proceed during your search for retail space in Boston's trendy Fenway neighborhood? Signing up for free access to Boston City Properties' listings is an excellent first step. We also have a team of experienced retail space leasing experts that can give you a hand. With so much help and information at your disposal, you'll zero in on viable retail locations for your business in Fenway in no time flat, so get started now.

Important Details about the Fenway Retail Spaces for Sale and Lease

If there is one neighborhood in the city of Boston that has undergone a significant facelift in the recent years, it is Fenway. It is the place that has indeed transformed from a quiet spot to something that can compete with the other vibrant neighborhoods in the capital of Massachusetts.

There is now a multitude of mixed-use developments in the area, and they have just sprung up in the last few years. It is expected that this trend will keep going with more and more developers eyeing the neighborhood as one of the “it” places to live in the city. Due to these developments, there are even more store and commercial units scattered all over the district to allow new businesses to thrive, especially in the local scene.

If you are searching for a commercial property that your business can call home, this article is for you. You will get an idea about the available commercial units in the neighborhood, along with other pieces of information, such as the rental prices and the purchase costs of the areas. You will also learn more about where you can find these details and how you can take advantage of them for the benefit of your business venture.

Commercial Market Overview

In this neighborhood, you can take your pick because there are indeed lots of options available. However, you should not just look at the varieties of commercial units because you have so much to consider. Choosing the right location and area for your business is crucial, and it is not a decision that you should perform randomly.

What you need to do is be armed with the knowledge that will lead you to select the best site for your business. This neighborhood has boomed, especially in the last five years. The store sales are increasing, just like in many other parts of Boston. It is primarily due to the household income contributed by the people within the Boston-Quincy-Cambridge area. These places are expected to experience even more upsurges in the household income by up to four percent this year and the next.

How does the increasing household income lead to more store and commercial units in the neighborhood? The answer is simple: as the earnings of the individuals or residents grow, more and more businesses arrive in the area. As a result, the neighborhood has to accommodate them by providing more commercial units. One of these spots may just be the right location for your company.

Although some places in the city have come to realize that many of the shoppers today prefer to go online to buy what they need, it is not true in a good number of areas, including this neighborhood. Here, the people want to see the items in person and be able to feel them – not just in front of their computer screens. Shoppers are still out there, and they will choose to visit physical stores over online ones any given day.

Since these people are all around the neighborhood, you are making the right decision in choosing this area as the place for your business. You put your store in front of them, which allows you to enjoy more customers and more revenue, especially if you compare to the other areas in the city where there are fewer shoppers.

This area is often classified with Kenmore, which is the group that the locals use to reference it. The neighborhood is near Back Bay, which is not just one of the leading communities in Boston but is also a favorite shopping destination.

The area is best known for the Park named after it, which also serves as the home to the world-famous baseball team, the Boston Red Sox. You do not have to be a fan of the sport to know them, and it is one of the reasons why numerous businesses, both large and small independent ones, are scattered all over the sprawling neighborhood.

From store shops to restaurants to warehouses, you will find exactly what you need in this area. Most of the leasable properties are in mixed-use buildings. It is quite helpful, especially if you are new to the city or the industry itself. You can rent the location, and it should be easy to encourage the tenants in the building to visit your store. It is even more useful if your shop is located at the ground floor since the residents will contribute to the foot traffic and your business will gain the exposure it requires.

Additionally, the properties in the neighborhood are typically eligible for various types of leases. Because of that, you are awarded the flexibility to find a place that best suits the requirements of your business, as well as your budget.

About the Prices of Commercial Units in the Neighborhood

The commercial property prices will depend on several factors, including where the unit is located. For instance, those that offer easy access and high visibility from the main highway or the streets typically cost more than those that are at the back of the neighborhood where there are just a few people passing by. Surely, you do not want to have your business here, but sometimes, you may not have enough choices, especially if you have a limited budget.

The prices also vary depending on the type of property you are willing to buy or lease. Some are the standard storefronts, while there are shared units. As the name implies, the latter means you will have to work with other people or businesses around. It is not a problem though as many savvy entrepreneurs prefer this scheme because it allows them to save on the monthly rents. The same goes for purchased buildings where the new owners would lease a part of the newly acquired property to get extra help with the expenses.

It is also common to see commercial units that can be used for specialty goods, which work well when they are nearby other stores in the area. Whether you are selling auto parts, furniture, clothing, or even food items, you will find an appropriate location for your business in this neighborhood.

Perhaps one of the most significant considerations in purchasing or leasing the commercial units in the area (or anywhere else) is the price. For most business owners, especially start-up businesses, building a venture is not an easy one, and it is mainly because of the expenditures associated with the store’s location. You want to make sure that you can afford the unit and at the same time, it will not take all of your earnings since you have other expenses to worry about.

Prices differ significantly in this neighborhood, and it can be daunting, especially if you do not have a list of the possible options. Therefore, it is essential that you compare the available properties for sale or lease before you make a deal with the landlord or the owner.

The neighborhood may be experiencing a ton of renovations and transformations here and there, but one of the best things about it is that it still offers reasonable prices for the business owners. If you are looking for a commercial property, it makes sense to start your search in this area. It has enough foot and car traffic, and it is conveniently located with several attractions surrounding it. Plus, there are readily available transit options. Even better, the prices are not as high as the other nearby neighborhoods in Boston.

The average price for every square foot in the area is $22 per month. Some landlords may have higher pricing for their properties, but it is also not so rare to find something much lower than the average price. In fact, if you look diligently, you can land a desirable deal where the price per square foot is only around $11 or even less.

Commercial units and their prices can have vast differences even if they are in the same street or they are next to each other. It is up to you to locate the right spot that will be useful for your company. You may want to start your search at North Beacon Street, which offers 6,560 square feet of commercial property. Currently, it is looking for someone who will lease the available 4,000 square feet, which is uniquely designed for store shops.

For new businesses, it makes sense to choose a small area where the unit is enough to accommodate the store. However, if budget concerns are almost nonexistent, especially for larger businesses, it is a good idea to join other companies in a more visible spot.

For instance, you can consider the F. Triangle Trilogy, which is one of the neighborhood’s skyscrapers. It is where museums, hospitals, and restaurants are located, and you can be a part of the store rental units in this luxury building. It features 43,493 square feet of commercial property with major tenants that include FedEx, Giant Bike, West Elm, and Chipotle.

Commercial Real Estate News

Many developments in the neighborhood are still underway. However, one of the things that have piqued the interest of several people, including the press is when the owner of the Red Sox team indicated that the neighborhood’s famous park might undergo some changes very soon.

If it does happen, it would affect some of the surrounding areas and not just the ballpark itself, which has been around the community for about 105 years now. According to the owner, they are the ones who hold the title of the area, and it is their responsibility to look after it by making sure it develops in such a way that would be meaningful for the people, especially to the fans of the team.

The owner hinted that there would soon be considerable changes in the ballpark, which means that even the outside areas will see the effects. The property that is on spotlight here is located at 2 Yawkey Way. There are two more properties, including 12 Lansdowne Street and Brookline Avenue, which is another parcel that the Red Sox owns. The president of the team has mentioned that they have made capital improvements to the park that are equivalent to 15 years of work. For them, it is time to shift their focus in developing the parcels that they view as strategic.

There is still no specific plan from the management, but they have said in an interview that they are looking for growth on the properties. Therefore, there will be developments on the three parcels that they own. Different options for them are available, and they are already in talks with some developers who are willing to invest some money for the ballpark and the surrounding areas.

Some speculations arose, and a few people have stated that it is possible that the Red Sox ownership plans to create a micro-neighborhood in the area where there will be restaurants, storeers, and bars. One thing is for sure though; the management has chosen not to go with large parking structures.

What they want is to become a part of the overall ecosystem of the neighborhood, which is their aim in the development and its functions. It will just be about the development of the area and not to create one that will go beyond what the community has been about since its inception.

Meanwhile, there is another development to look forward to in the neighborhood. It will become one of the newest hotels in the city, which will be located at 1241 Boylston Street. It will feature eight stories with 184 hotel rooms in a building that will replace the existing Shell gas station. There will be a total of 21,050 square feet of unit in the hotel, and some of them are usable for store shops, restaurants, and other types of businesses.

Currently, it is still a proposal as the city is still in the midst of reviewing the plans of the developers. If approved, the hotel will join the other seven in the area, and they are all in the same district. It may sound a little too many, but there is a high demand for hotels and has, in fact, one of the highest occupancy rates in the community.

Sign Up to Get Listings

Whether you intend to buy or rent a retail space in the neighborhood, you need to examine all the choices available. Most business owners do not have a firm decision yet even as they hunt for a place for their business. It does help when you see all the available options so that you can make the right decision.

To get the latest listings, you will need to sign up with us. The process is easy since you only have to leave some of your essential details, including your name and your email address. After signing up with us, you can use the website to browse the list of properties that are either for sale or for lease, which you can use for your store shop or any business.

Signing up will give you the free access you need to view the listings in Fenway and even in the surrounding neighborhoods, such as Brighton, Kenmore, and Allston. We also have a team of experts in commercial property leasing and selling. If you ever have questions or you need clarifications regarding a property, you can communicate with us.

We are at your service, and we will supply you with all the information you need so that you will land the best commercial property for your business. When you become a member of our site, you can just log in anytime to get the full list of the areas you can purchase or rent.

You can search our listings anytime. We make sure that the signup process is fast, simple, and of course, it is free. You can access the real estate listings without paying a fee, and you can start removing or adding the properties that you think will have an impact on your business.

If you have not set a budget yet, it is time to have a definite figure on your mind right now. It should be within a range that you can reasonably afford whether you plan to buy or lease the commercial property in the neighborhood. Most of the properties in our listings have the prices they are asking for unless the owner or the listing agent do not disclose them. You can contact us to get more information about the specific property.

Once you have access to the applicable real estate in this part of the city, you can start making a list of the units that you can later go back to so that you can make your final decision. Be aware though that some of the commercial units can comfortably go, especially those that are in a highly visible area. You will need to think about the time, convenience, budget, and other essential factors to help you in your search.

Get started now by signing up and becoming a member to view the list of the commercial units both for rent and for sale in the Fenway neighborhood.

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Retail Space