Leather District Retail Space - For Rent & Sale

If you've determined that Boston's Leather District is the best area for your business, you're in luck. This vibrant neighborhood has been on a major upswing of late, and all kinds of prime retail space has become available. Business owners report excellent sales and amazing profits, so the time to move into the neighborhood is now. With that being said, locating the right space is easier said than done. Without the right information, you could end up in a location that just isn't right for your business. Don't worry, though. Boston City Properties provides free, constantly updated listings for retail and commercial space in this neighborhood, allowing you to hit the ground running on your search.

Click Here to Search

Retail Space

Reasons to Lease or Buy Retail Space in the Leather District

Even in a city that's experiencing a major boom in retail sales, consumer confidence and household income, the Leather District stands out prominently. The neighborhood is ideally located for all kinds of different businesses, and products and services of all kinds do well here. Also, retail and commercial properties here are usually available in a number of different lease terms, giving you the flexibility you need to find and use space that lays the groundwork for incredible success. The first step to making it happen is signing up for access to Boston City Properties' free retail space listings.

Lease or Purchase Leather District Retail Space with Boston City Properties

There's no need to stress about finding the right retail space in Boston's Leather District. With Boston City Properties' handy, up-to-the-second listings, you can quickly get up to speed about the available options. That's not all, though. We also employ talented retail space leasing experts and sales professionals who can assist you in buying or leasing prime space in this vibrant neighborhood. Getting started is as simple as signing up for access to our listings, so do that or contact us now.

Useful Information about the Leather District Retail Spaces

If you are in the market for commercial property in Boston’s Leather District, which is often associated with Chinatown, this article will help you explore the possibilities. You can find prime commercial property for purchase or lease with this guide.

The trick is to know where you can search for the properties that suit your needs and budget. Because of so many options and jargon involved in real estate properties, it is understandable that it can lead to confusion. However, if you have the list and the knowledge about this neighborhood, you will understand where and how to find the commercial units for rent or sale.

Market Overview

The district is currently enjoying an exciting store boom, which makes sense to avail of commercial property in this Boston neighborhood. Last year, store sales were up 1.2 percent over the previous year, so it could mean that this district is doing something right especially the past year.

According to forecast, the trend will continue this year. This growth is spurred by the increasing consumer trust, along with the predictions that household income in the city will rise by at least 5% this year. If you need a home for your new establishment and you want to look in the Boston proper, you should make it happen.

Retail properties in the district can cost more than other areas, but you can be sure that your company will gain exposure and convenience to your potential customers. The neighborhood has a growing population where young, and on-the-go professionals make up most of it, and many of them are searching for something that your business can offer.

It is no secret that buying or leasing commercial property can be a considerable expense, but if you can choose the most suitable for your business, it will surely pay off in the long run.

For various reasons, most companies opt to rent rather than buy. You may be one of them, and the good news is that there is a seemingly endless array of selections in this neighborhood. A full-service lease may be the most convenient option for you because you have everything rolled into a single payment.

Meanwhile, you also have the option to go for net leases, which involves a lower base rent, while including some (sometimes all) of the costs of property maintenance. This type of contract is prevalent in this neighborhood. However, you will also find properties with modified gross leases where there is a good compromise between the mentioned two options.

Selecting a location for your startup is incredibly essential. You need to have accurate and updated information at your disposal as you search for commercial property in the neighborhood.

The year 2017 marked a good time for the neighborhood and most of Boston when it comes to commercial property. A lot happened in the market, both in store and residential, over the last 12 months. It helps to know these details so that you can make more informed decisions.

The vacancy rates in the neighborhood were tight at the beginning of the year, and they decreased even more before 2018 entered. There has been a significant reduction of the commercial property vacancies over the last 12 months. In fact, many submarkets’ rates dropped lower than two percent, which applies to all kinds of commercial property.

Meanwhile, the average asking rents have increased for the most part. A few submarkets have their asking rents cooling somewhat, which is something that you should keep an eye on this new year. Rents remain to be on improvement, so business owners are urged to act quickly. It is possible that a few months from now, the property that you are considering to rent will fetch much higher rate.

Because of the rock-bottom vacancies and the surge in demand for mixed-use properties, it is easy to see that there are many new developments in the neighborhood and they have soared over the last few months. Construction activity in the area has spiked intensely, but this is good news, mainly if you want a new and modern unit for your business.

If you are looking for something less expensive, you can still find older buildings although they can be a bit tougher to see. You have to be one to the possibility of renting or purchasing a new construction in the area.

Some construction projects are presently planned while others are underway. You can expect them to bring significant amounts of commercial units in the neighborhood. In line with this, the demand for new properties that feature store areas has been at an all-time high. It seems like there is no stopping or changing that anytime soon.

The demand will endure and stay high this 2018. Investors continue to remain active in buying commercial units in 2017, which is a trend that may continue this year. This market may be ideal for those who are looking to make quick profits, primarily because of the tight vacancy rates.

Additionally, the rent prices have increased in many submarkets. If you are thinking about investing in commercial property in Boston, this neighborhood may provide you with the best options for your plan.

When it comes to buying investment properties, particularly those in the commercial property market in this district, the highest demand lies in the single-tenant floor plates where they are on the ground floors of residential and office structures. It just shows that the trend toward mixed-use developments will continue.

Prices of the District’s Commercial Spaces

By analyzing trends in the commercial market and submarket, you will make a better decision when purchasing, renting or investing in this type of real estate. Over the last 12 months, a 0.4 percent year-over-year (YOY) decrease in asking rents took place, which implies that prices will start dropping. The figure though can be a bit deceiving since it includes all submarkets.

Asking rents in this neighborhood have increased by about 25% in 2017 where you can see that the average is playing around $37 per square foot, which is one of the highest in Boston.

At the present moment, there are 1.3 million square feet of unit which are either planned or under construction already. Therefore, investors and business owners can expect to see an increase in construction movement in the store sector this year.

Given the above information, it is no wonder that the city, along with its vibrant neighborhoods, boasts one of the most influential urban commercial real estate properties. As a result, there seem to be endless opportunities for business owners and investors in this district.

The prices of the commercial units vary for different reasons, which include the type of property and its location. If it is near the downtown core area, it can be quite expensive. Meanwhile, in this district, it is not rare to find purchasable commercial units that are around $450 per square foot.

An example of the available commercial units in the area is the one located at 745 Atlantic where there is one unit available with a total of 2,078 square feet of unit. Another is in 86 South Street, which is a ground floor unit that is up for rent. It is in a mixed-use building that features two to three bedroom units and is just steps away from the South Station. The loft-style home has a ground floor commercial property that is up for grabs.

For business owners who want to take this opportunity to be in a great area, along with the great potential of attracting more customers due to the stable foot and pedestrian traffic in this place, it may just be the right location for a shop no matter what items are being sold. The rent, however, can be a little expensive to startups, mainly because you can find monthly rents in the area that only go as far as $3,200.

This specific spot though offers several advantages to a growing business, which is why it is priced a little bit steeper than average with $4,000 per month. It does overlook the South Street, and you can see the Financial District from the windows of the higher apartment levels.

There are some amenities and appliances available for the renter, along with massive windows, tall ceilings, and hardwood floors. Those who may want to live and work here will also benefit from the custom woodwork and the roof deck access for the outdoor unit of the building.

Meanwhile, if you aim to purchase a location for your business, you may be interested in looking at the option provided by the 1,508 square foot property situated at 210 Lincoln Street. It is a small unit, and yet it offers excellent exposure because it is also in a mixed-use building. There are also openings for those who are searching for a residential unit where they can live. It is a fantastic opportunity for those who want to live and work at the same building.

For this commercial property in a mixed-use structure, it is asking for $1.195 million, although the owner is open to bids. If you are looking for a more affordable unit to buy, the commercial property located at the second floor of the building in 200 Lincoln Street may be what you are searching for, which only asks for $799,900. It combines two units to fit the brick and mortar unit these days.

However, it is on the second floor of the condo, which makes it more ideal for office unit. It may be an appealing choice if you are in the market for investment in commercial property in the area. It offers the possibility for owner-use businesses, and it is just a few miles from the South Station.

For your rental needs, another choice is available, and it only costs $1,000 per month. It is situated in 111 Beach, which is currently next to two other offices occupied by a mortgage lender and a law office. The units are approximately 10’ x 11’ in size as they are settled on the first level of the loft condo building.

Sign Up with Us Today

If you have determined that the Leather District is the best place for your business, you have come to the right place. This vibrant neighborhood is enjoying a significant upswing, which allows it to have more commercial property in the entire area.

Business owners had reported that when they chose this location, they have garnered excellent sales, so perhaps you should do the same. It may just be what you need to see your business grow and prosper.

Even with the numerous choices available, you can attest to the fact that locating the right unit is not easy. You need all the right pieces of information so that you do not end up in a place that will not bring you revenue or worse, it is the wrong area for your business.

This is where we come in as we provide free updated listings for you to view the available commercial units in this particular neighborhood. You can search here on the site, and you can even compare the available choices, which will allow you to come up with the location that will improve how your business functions in the industry you have chosen.

You can get all the benefits above if you sign up with us. It is a quick and easy procedure because you only need to complete the simple form on the website. From here, you can start your search once you have provided the required information in the blank form.

There is no need to be stressed about finding the commercial property in this community. We guarantee you that you will find helpful and updated listings no matter what time of the day you perform the search. Also, if you have questions regarding a property, such as its exact location or you want to get in touch with us, becoming a member will allow you to contact us.

When you sign up with us, you can determine which property is best for your business. All the available options are just at a touch of your fingertips. You can find vacancies once they are accessible whether you are searching for small or large sites for your business. For instance, we can help you find a location for your business if you want to have it in a mall or a shared unit.

Basically, you want to find an area that will boost not only your store’s exposure but also its credibility. You also want to be in a place that allows you to talk and interact with consumers, which can be truly beneficial for your business. In this neighborhood, you will see more vacant commercial units that are in a street level, which can bring some gains to your brand, especially if you find the best spot for your business.

Whatever type of commercial property you are looking to rent or purchase, this neighborhood has them. However, you need to find a place that will bring together all the available units that you can explore. We can provide that service to you as you sign up with us.

Not only do you get the advantage of viewing all the commercial units for rent or sale in this district but you can also talk to our knowledgeable staff if you have some questions or clarifications regarding an individual property. We can help you identify the unit that will give your business significant benefits.

We know that looking for the right area for your store can be daunting. At the same time, it can take a lot of time and effort because you have to assess all the available options carefully. Often, business owners go to another neighborhood just because they are running out of time to start their store. You cannot let that happen to you, and it can be avoided if you have a list of the properties in the district.

It is good that you have a set location in mind and that is this neighborhood. It is up to you to find the best choice for the commercial store you want to start here. You do not have to go around and ask the other store owners how they found their unit or get referrals from real estate agents that you do not know whether or not you can trust.

You also do not have to visit the locations one by one without knowing if they are available at the moment. We have the list, and everything that you can see here is updated. Therefore, if a particular property has found its new owner or lessee, it will no longer be in the list or will be marked as off the market or unavailable. It is more convenient and quicker than when you have to go through the classified section of the newspaper or even go to different sites just to get unclear details about the property.

We have everything you need so that you can find the commercial property you can invest in, purchase, or rent. The first step is to sign up, and you can begin your search right away.

Click Here to Search

Retail Space