Jamaica Plain Retail Spaces for Rent and Sale

Jamaica Plain is one of the central street districts in Boston, which is why it should not be difficult to find commercial units in the neighborhood. However, despite the number of options available, you want to make sure that you are looking at the best choice for your business. Your store’s location is critical and it is a decision that you cannot just undo when you think it is not working for your company.

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Retail Space

The neighborhood is one of the most vibrant in the city, and it is on a significant upswing quite recently with many developers choosing it over other areas in Boston. Prime commercial property awash the community and even business owners are happy to report that the neighborhood is an excellent choice for them. High returns and profits are among the advantages that this place can offer.

However, you still have to be wise in choosing, especially if you plan to buy a commercial property. Even with renting, you should be careful because you could end up losing more money than the cheap monthly rent. As with any business decision, you have to be smart and resourceful.

Neighborhood Overview

When you search for commercial units in this place, you will find that there are old buildings that cost less than those that are newer. There are benefits of choosing older buildings over new ones, and it is mostly about the cost of the site. If you want a newer slot, you will have to be prepared to pay extra because of the modern amenities that they will inevitably come with, compared to older buildings that are much simpler.

Additionally, you want to make sure that the infrastructure in the area is adequate, such as heating, plumbing, electrical, and cooling. Even older buildings can have their Internet service, which may be helpful for your business. You also want to check if there are restroom facilities in the area. Note that some of the buildings only include services for the employees and not the customers. Sometimes, it is much better to go with one that has both, but that would also depend on the type of business you are running.

For instance, if you have a restaurant, it makes sense to have restrooms for the customers; otherwise, they will complain about the lack of facilities in your building. It can lead to loss of patrons, which of course means reduced revenue.

In Boston, you will find that the rents vary from one place to another. In this neighborhood, it is common to see leases that do not match with the other buildings, even if they are just in the same road. Sometimes, the things included in the rent can add to the cost, such as the utilities. You may want to ask if there are added services, such as trash removal, taxes, and janitorial services and whether or not they are a part of the monthly rental.

It has also become a trend in the city that the stores have their parking units. If you would like your retail store to have this feature, you will find that properties that supply such amenity are more expensive than those without off-street parking. Lease terms should also be considered before you sign the contract. Often, if your business does not work, you are still committed to paying for the rental. Therefore, choose a lease term that is shorter, such as one or three years.

As with any business decision, you should devote time and effort in looking at the options in this neighborhood. Since this place is mostly where store stores flock, you will not have a problem with the inventory. Many of the buildings want to accommodate the growing demand for businesses in this part of the city.

In this neighborhood, you will find various types of properties that are used for store, such as free-standing buildings for stores, storefronts, street store stores, and restaurants. Galleries for art and other cultural presentations are also available, but they are not as frequent as boutiques and apparel shops.

This place is currently experiencing a major development boom, but it is mainly on the residential side. However, it does not mean there is a shortage of commercial areas in this region. In fact, because it is just a few miles from the city downtown, you will find several mixed-use developments that are currently in the works.

A considerable number of the developments are still on the planning stage, but there are also some that have already started. Many of the residents and the business owners are excited about this phase that is currently taking over the neighborhood. The Boston Redevelopment Authority has some approved projects that will either start the construction process, or they have already started. Soon enough, new buildings and skyscrapers will be all around the neighborhood, which will allow both the businesses and the consumers to enjoy what the area can offer.

Prices of Commercial Spaces

As a significant part of Boston, this street district has some of the higher rents in comparison with the noncore neighborhoods in the area. However, there is a trick if you would like to save on the commercial units. In this region, you just have to avoid the heart of the Center Street, which is the commercial node of the area. If you would like to see low rents, go to South Street. It is also the same place where you can find affordable commercial units that are now up for sale.

Of course, the costs of the units will still vary considerably. According to research and some statistics, the range of the store areas here is from $10 to $150 per square foot. You will have to be patient though so that you can find the right unit with the best amenities but not with the high cost.

The neighborhood is mostly close to foot traffic generators, which is indeed beneficial for businesses. However, they can also have a massive effect in calculating the rents of the commercial units. Traffic generators include anchor store stores, universities, and major transit stops. For example in the neighborhood square, it is just one or two blocks away from the MBTA bus station. As a result, the rent is significantly reduced.

Meanwhile, those that are near the center of the district, the rents are much higher although there is access to MBTA stations in the area. Favorite coffee shops, including Starbucks as well as local bakeries, can help drive pedestrian traffic. As a result, they can help you increase the sales of your store stores. Unfortunately, the location of the other famous chains can also result to the inflation of rental rates. No predefined amount of traffic can determine the increase in rents, but it is essential that you remember the range given above.

The condition of the building where the available commercial property is found can be due to the age of the structures in the district itself. Right now, the neighborhood is experiencing meager vacancy rates, which can mean high rent or purchase costs.

Consequently, you can go and choose a location in the area that has a high vacancy rate. It will provide you with much lower rent and for-sale price, but there is a catch: new businesses may not be attracted to staying in this spot. You cannot thrive if you are the only one in the street since it will mean low foot and vehicular traffic. Additionally, the unit may have to be renovated extensively, which will have you wait for months before you can move into the property.

Also, in line with the condition of the building, there are property owners who tend to be more proactive than others in making sure their buildings are regularly maintained. It can lead to substantially high rents, but you can enjoy the benefits of a newly remodeled spot for your business. If you plan to move to a new unit, such as the mixed-use developments that have just finished their construction, these places command the highest rent. Make sure that you look at all your available options before you sign the contract.

At 341 Center Street of the neighborhood, there is a property for lease that asks for only $35 per square foot every year. It is specially made for store in a freestanding building, and it has an available area that can be leased for a total of 3,200 square feet. It is very walkable, which means that you will have no problems concerning the foot traffic. Potential customers will be all around your store in no time. Additionally, it is located in an area where there is excellent transit, thanks to its proximity to Chestnut Street, Perkins Street, and Jamaicaway.

The lease term of the unit though is at least five years, and the move in date is immediate, so there is no need to wait after you have signed the lease. Additionally, it is of triple net service type, and if there is extra unit, the landlord allows reletting of the spot. It is a good spot for store, and it has a basement. Its location is its biggest plus because it is right at the commercial district of the neighborhood. Plus, it is within walking distance to the Jackson T stop and is just two miles away from the Northeastern University.

Another property for lease – although the rent is undisclosed – is located at 579 Center Street as well. It is made especially for service-type of store, such as auto repair. The building is quite old as it has been around since 1955 but it has been recently remodeled to suit the needs of the modern business owners.

The total leasable area is 1,334 square feet, which is more than enough for a store shop, especially the startups. This available unit though is a new addition, and one of the most attractive things about it is that it offers a negotiable lease term. The new owner can move in right away into the heart of the neighborhood. It is a challenging market to enter because of the high barrier that comes with new construction.

Nevertheless, consumer traffic is high, particularly those coming from Jamaicaway to Perkins Street. There is a strong count of the traffic here with 20,000 cars every day, which is the number that passes by on Center Street for over two years now.

The building is located near the New England Baptist Hospital as well as the Women’s Faulkner Hospital. These health organizations have a combination of more than 5,000 employees, so you can imagine the potential of your business in growing your consumer base.

There are still a vast number of things to expect in the community, particularly with Parcel U in the area. This new development is made up of condos in a townhouse style, and there are affordable rental units as well. It is a mixed-use building, which will soon be reviewed by the Boston Redevelopment Authority.

Another future development is The Commons, which is located at Forest Hills. It will contain at least 280 residential units, along with commercial property right on the ground floor of the building. It is a redevelopment of the site and it is presently under construction after it received its approval. It will soon be finished to provide more residential units to the locals as well as commercial property for the business owners.

In 3383 to 3389 Washington Street, another mixed-use development is in the works with more than 20 residential units. The ground floor commercial property is also something that entrepreneurs are looking forward to, especially with the amenities in this building that include a massive fitness center.

Sign Up Today

There is still plenty more to see and explore in the neighborhood. In fact, the inventory of commercial units keeps coming and going almost every week. You want to take hold of the latest updates to make the smartest decision for your business.

Thankfully, you can have the guidance you need when you have all the listings of the real estate in the area, particularly for the commercial properties. Whether you are looking for the traditional storefront in the neighborhood or industrial unit for your store so that it can accommodate deliveries of furniture or heavy items to your shop, you will find them right here.

All you need to do is to sign up with us to get the list of the commercial units that are up for sale and rent in Jamaica Plain. The sign-up process is quite simple and is free. Just fill out the form and provide quick details such as your name and email address. After that, you are all set. You can confirm that you would like your browser to remember your log in details so that whenever you enter the website, you are logged in automatically.

When you already have your budget and your goals for your business, you are all set to look for the potential location in this neighborhood. We have the complete list that you can access once you become a member of our site. It is quick and easy since it will only take a few seconds to a minute. After that, you can explore the possibilities and even make your own list so that you can choose the properties that you think would help your business and your revenue stream.

Additionally, if you have other requirements, we can help you in your search. Perhaps you would like to go for a store within a store in the neighborhood, which is an ideal place for startups because of the built-in foot traffic and the ability to become acquainted with your target clientele. What’s more, these buildings offset the biggest expense that you will have to pay when you become a store owner: rent.

You can also choose to purchase the commercial property you like. In this neighborhood though, most of the entrepreneurs and the businesses want to lease the unit instead of buying them. Of course, the final decision still rests in your hands, and we are just here to guide you by providing you with the complete and most updated list of commercial units in the community.

We encourage you to begin your research and find other stores that complement your brand. If you are searching for galleries or event unit, the neighborhood has enough of them. It is a good venue for popup shops because they have a minimalistic setup and the concept floors are open to the public. They present the consumers with the air of being inviting, while still carrying sophistication. These commercial units are ideal for women’s fashion, jewelry, and high-end apparel.

The neighborhood also has some shopping centers and malls that come with vacant spots for store store owners. If you have a consumer brand, the mall is where you should set your shop. Malls offer high exposure for your company, and they also have massive amounts of consumer traffic.

Whatever it is that you are looking for, we can help you find it. With a simple signup process, you will soon have your store location in this neighborhood.

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Retail Space