If you want to lease or purchase restaurant space in Boston’s Seaport District, the time to act is now. Given the explosion of this burgeoning neighborhood in the last few years, staking your claim as quickly as possible is a great move. Read on to find out how Boston City properties can help you to get what you need.
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Restaurant Space
About the Seaport District’s Commercial Real Estate Market
A key aspect of finding the right property for an eatery in this part of the city is understanding its local market. Situated in South Boston on the waterfront, the Seaport District is the fastest growing neighborhood in the city. Home to the Innovation District, the Boston Harborwalk and other prime locations, the neighborhood is adding new jobs and new housing units on a consistent basis – and that is great news for enterprising restauranteurs.
Tips for Leasing or Buying Commercial Real Estate in the Seaport District
- Scout out locations in person – Before scheduling a visit to check out a potential location for an eatery, venture out in person and spend time watching the goings on in the immediate area. If your target demographic includes young families, you may notice that the area isn’t quite amenable to that, given that only a small percentage of households here include children.
- Have an exit plan – Even if you take great care in finding a suitable location, things don’t always work out as planned in the competitive world of owning an eatery. Therefore, don’t overcommit yourself or take on too much. Stick to a short-term lease to start.
- Know what’s included – Make sure that you compare apples to apples by noting what is included with the lease for any location that you are considering. What appears to be within budget at first glance could turn out to be anything but if you will be responsible for all utilities, upkeep and the like, for example.
- Seek out high foot traffic areas – Give your venture the best odds of success by prioritizing locations with strong foot traffic volumes. A location that is close to the Boston Convention and Exhibition Center, for example, is likely to draw in strong weekday business.
- Line up the right help – Finally – and most importantly – line up the right assistance as soon as you can. In particular, find a local, licensed commercial real estate agent to guide you through the process. Contact Boston City Properties for a referral whenever you are ready.
Why Boston City Properties?
You don’t have to search high and low for the right help in acquiring restaurant space in the Seaport District. Sign up now to get instant, free access to Boston City Properties’ searchable online database of commercial real estate listings. Stay in the know by checking in regularly with our website for the latest developments in the local market, and contact us for a referral to a skilled local commercial real estate expert whenever you’re ready to proceed. You will be on your way to establishing a successful dining establishment in this white-hot Boston neighborhood in no time.
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If you are ready to lay the foundation for a successful eatery in Boston’s vibrant Seaport District, don’t go it alone. Ensure the best odds of success by acquiring the help that you need from Boston City Properties. We’re ready to help, so contact us today for more information.
Seaport District Dining Scene
If you're interested in developing a new eatery in this burgeoning Boston neighborhood, you're far from alone. As the most rapidly-growing area in the city, this neighborhood has undergone massive amounts of development and redevelopment in recent years. Thanks to its growing prominence as a life science region, the area has been flooded with new jobs and residents. Dozens of new eateries have also opened, and demand is still strong for more.
To capitalize on the ongoing success and growth of this section of the South Boston waterfront, it pays to have the right help. To that end, you can't go wrong by connecting with Boston City Properties. Our team knows this neighborhood well and can help you find a suitable space for the development of a new dining establishment.
This exciting neighborhood has been enjoying a lively dining scene for some time, and all signs point toward continued growth and success well into the future. The area isn't close to reaching its saturation point for dining establishments, and that's unlikely to happen while glitzy new luxury condo and apartment buildings keep opening their doors, driving up demand across the area.
Since most of this area has been developed in the last decade, most of its eateries are on the newer side. Unlike many neighborhoods in the city, you won't find long-running mainstays locals have flocked to for years. Instead, you'll find new, innovative eateries spanning many cuisines and price points. There's something for everyone, from sports bars and microbreweries to elegant fine-dining establishments.
Many eateries in this neighborhood are found along Sleeper Street, Seaport Boulevard, Northern Avenue, Drydock Avenue and Congress Street. Some are directly on the waterfront, and many offer outdoor patio dining to capitalize on amazing views of the harbor and skyline. The offerings are eclectic, from sit-down eateries offering fresh-caught Atlantic seafood to trendy brunch spots serving up mimosas.
Given the strong demand for new dining options and considerable disposable income of local professionals, this is a great place to seek opportunities for developing a new eatery. BCP can help by giving you access to online listings and referrals to local agents and brokers. Call today for more info.