Waltham Retail Space - For Rent & Sale

Typical Properties

With a mixture of low-slung commercial buildings and multi-story developments in a relatively dense urban setting, the typical properties in this city are suitable for a number of different potential configurations. Most of the buildings in this region were built in the 1980s, although some structures are much older.

As an example, the property known as the Howard Clock Building at 260 Charles Street was constructed in 1920, and has a grand facade that is ornamented with a clock tower in the center of the structure. With 53,683 total square feet, the four floor building is sited on a sweeping green lawn that imparts a solid, serene atmosphere. Located near the geographical center of the city, the property can be reached by either car or the sidewalk.

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The property at 1017-1019 Main Street features one story of commercial suites with five garage bay loading doors and a central high-ceilinged reception area. The lot has onsite parking and room for longterm storage of vehicles, and a prominent sign hanging above the front entryway. Currently used as an auto repair and parts store, the shop features a built-in reception desk, a gleaming tiled floor, and a drop-tile ceiling with expansive flourescent lighting. The bathroom is outfitted in tasteful gray and features contemporary fixtures and granite countertops. Solid doors with viewing panes lead out to the shop area. The shop area also features high ceilings and a variety of equipment, including hydraulic jacks and subterreanean pits for working on the underside of vehicles. The white exterior is reminscent of the geometric aesthetics of the Art Deco period, which is suitable; constructed in 1900, the building underwent a full renovation in 2013, and is only 1.0 mile from the nearest MBTA Commuter Rail line.

The property at 145 Newton Street is located near the heart of downtown and has a total leasable area of 13,587 square feet. Built in 1950, the warehouse-like structure features ceilings that are 14 feet in height, and has a total of two floors. The relatively open floor plan makes this property particularly great for dynamic business configurations. The location is also ideal; sited near the principal business district of Moody Street, the property is only 0.5 miles from the nearest MBTA Commuter Rail line station, and features two full bathrooms and an outfitted kitchen. The brick exterior features a small canopy directly over the entryway to shelter visitors from the elements.

Meanwhile, the property at 335 Bear Hill Road is located off Intersate 95, and features 30,625 square feet of total leasable area. This charming two-story brick building was built in 1955, and is surrounded by lush foliage on a gently sloping lot. Categorized as flexible space, the structure is perfect for a start up or other business that relishes an open floor plan in a highly accessible area. Located 1.7 miles from the nearest MBTA Commuter Rail line, the unit has been used for research and development, and could easily be adapted into any number of commercial configurations.

For those seeking a traditional strip mall complex, the property at 840-880 Lexington Street offers an ideal opportunity. Located near the heart of the city, this 80,177 square foot structure was built in 1956, and features business signage that is directly viewable from the road. With 255,636 people living within a five mile radius of the complex, the area attracts a considerable amount of visitors on a daily basis. Suites of 2,400 square feet, as well as much larger anchor spaces, are available in this complex.

The property at 460 Tottenham Pond Road features 142,944 square feet of leasable suites in a seven story building sited on a large parking lot. This structure, which was built in 1971, has many of the trademarks of that era’s solid, concrete-driven aesthetics. Vertical banks of windows create a pleasing texture as well as providing ventilation and natural light to the interiors. The suites themselves feature carpeted floors and numerous technology-ready units. The entryway has a grand glass canopy that arches above the double doors and grand set of concrete steps leading to them. The walkway is lined by trees, and has a grand, professional atmosphere, perfect for a dynamic entrepreneur.

The property at 200 Fifth Avenue employs a series of horizontal bands of windows to create beautifully lit interior suites. The granite exterior gives the building a soft, inviting glow during the day, and a professional, busy look at night. Located on a parking lot, this 165,044 square foot building was built in 1978 and has been beautifully maintained. A central atrium is formed by an unusual series of step-backs that create an almost mountainous series of suites that tower above the massive central lobby. Faintly recalling the work of I.M. Pei at the Louvre, the triangular glass entryway visually distinguishes the building while simultaneously creating a warm, inviting atmosphere.

Average Renting and Buying Prices

The majority of commercial suites in this area rent for an average of $1.60 to $2.00 a square foot per month. The average purchase for commercial property is $400 a square foot.

The property at 376-390 Moody Street is a stellar example of prime commercial units in the heart of the business district. Built in 1885, this gorgeously restored building features a brick exterior on a corner lot with wide sidewalks and street parking for vehicles. The three story structure features enormous display windows on the ground floor, banks of windows on the second story, and individual windows along the third floor. Several chimneys form an elegant visual line on top of the roof. The building is one of the tallest on its block, and has polished hardwood floors as well as individually decorated walls depending on the specific suite. The side that faces Moody Street has several separate entrances, as well as flower boxes on the exterior of the display windows. With a total leasable space of 26,325 square feet, this building recently placed a 6,881 square foot unit on the market for a sale price of $2,850,000, or $414.18 per square foot.

The property at 765-771 Main Street is located across from the city’s primary post office, and features numerous onsite parking spaces. Located 0.4 miles from the nearest MBTA Commuter Rail line, the structure was originally built in 1950 and has a total leasable area of 4,914 square feet. The freestanding building has a modernist aesthetic, with a large white band on the top of the building doubling as a site for business signage. The rent for this suite is $1.67 per square foot per month.

For those seeking a slightly more affordable unit, the property at 337-357 Moody Street is located in the center of downtown and offers floor to ceiling glass display panes that are set within a cozy brick frame. A beautiful green canopy provides both shelter from the elements and a space for custom business signage. Street parking is available in front of the building. Built in 1972, the building has a total of 4,000 square feet of leasable space. The interior features a large open floor plan with prominent fluorescent lighting, making it perfect for almost any tenant configuration. The rent for this space is $1.23 a square foot per month.

The property at 404 Wyman Street was built in 1989, and features a grand total of 413,315 square feet of leasable space. The suites here have been used for offices, but are adaptable to other commercial uses. The complex has a pronounced geometric appearance, and is sited on a rolling green lawn with trees around the perimeter. Located off Interstate 95, the complex is close to the Cambridge Reservoir, and has an efficient core design and column layout, making it an excellent choice for businesses seeking the highest quality floor space. With a Gold LEED Certification, the structure is not only aesthetically pleasing but highly sustainable. Located 3.0 miles from the nearest MBTA Commuter Rail line station, the property is only 20.6 miles away from Logan International Airport. Suite sizes from 2,000 square feet to 11,800 square feet are available for lease. The rent for this space ranges from $1.83 to $3.16 a square foot per month.

The property at 25 Summer Street has two stories, including below ground storage. Located on a small onsite parking lot, the clapboard building is located close to the center of downtown, and features high ceilings perfect for any number of business setups. A series of large windows with movable panes allows for custom ventilation and a pleasing amount of natural sunlight. With 14,400 square feet of leasable space, the building was originally constructed in 1906 and has been well maintained. The rent for this space is $1.06 per square foot per month.

Real Estate News

Moody Street is the principal driver of growth in this area. Long known as one of the busiest streets in town, it anchors both the commercial sector and the residential boom that the city at large is starting to experience. Because of its relative proximity to Boston, this town has become a favorite among developers and other investors in terms of a place for new residential complexes and ground floor commercial suites. This became especially obvious with the construction of a 269 unit apartment complex located at the intersection of Moody Street and Main Street. This building features a fitness center and a deck on the roof that is open to all residences, providing panoramic views of the surrounding city.

The building is also directly opposite Waltham Common, which is home to a commuter rail line stop that links to Porter Square in approximately 15 minutes. This incredibly efficient locale makes it very easy for a resident here to enjoy a luxurious standard of living while commuting to downtown Boston. It also makes it a great place to open a business. The building has a commercial suite of 12,000 square feet perfect for a big box organization or for several smaller businesses with individual partitions.

The city is also home to a major new development in the form of the sale of Stony Brook Office Park at 130 Turner Street for $80,058,000. This 16 acre parcel contains four buildings which have a total of 270,196 square feet of space perfect for offices and 3,925 square feet at 5 Turner Street that is tailored for retail. The property is easily accessible from both Interstate 90 and Interstate 95, and is also close to the MBTA Commuter Rail line in the form of the Brandeis-Roberts station. It is also only two miles away from Moody Street, making it an ideal location for a business wishing to capitalize on the boom in housing currently underway in the city’s center. The sale, which was announced in February 2018, is expected to boost the city’s already high profile among real estate investors.

Meanwhile, the pharmaceutical companies Alkermes and Tesaro, as well as an engineering firm known as Simpson Gumpertz and Heger, are currently seeking over 100,000 square feet of office space each in the city. Alkermes, which is based in Dublin, is seeking approximately 250,000 square feet for its new research and development company which it wishes to locate within the Waltham city limits. Tesaro, which currently leases 150,000 square feet of space at 1000 Winter Street, is seeking between 300,000 to 400,000 square feet of space. Simpson Gumpertz and Heger will be investing in 110,000 square feet of space in the city. These major corporations are part of a trend of other companies moving to the city, including Bose and ClearMotion. Most investors predict that the city will continue to see a boom in build-to-suit developments, many of which will generate the need for commercial suites to serve the needs of the new workforce.

Sign Up Benefits

How do you get the advantage in a market that is changing almost every day? The number of new developments and anticipated projects in this city makes it an incredible opportunity for a savvy investor or tenant. The trick is to keep an eye on the market, or better yet, subscribe to a service that does it for you. Our viewing service is one of the best in the region, and allows interested parties to immediately visit the commercial suites they would like to see.

We maintain an accurate and up-to-the-minute database of listings, which allows us to quickly arrange a viewing that is convenient to our clients. By signing up for our service, our clients are given a wide range of options that meet specific self-selected criteria. Whether a client is seeking a ground floor commercial suite in the heart of Moody Street or an expansive flexibly zoned parcel near the Interstate, we are able to help that client find and view their ideal property. The process to sign-up is simple; you only need to specify what types of properties you'd like to see, along with the times that are most convenient to you. Our agents can put together an agenda for you and help you see the freshest listings in the city.

We’ve spent years working closely with brokers, owners, and other stakeholders to create working partnerships that benefit the community and the tenants. Whatever type of lease you may be seeking, we can find a property that is perfect for your needs. If you’re representing a company that is seeking in excess of 20,000 square feet, we can also recommend specific areas and projects that may be able to offer your organization an excellent deal. We also specialize in boutique spaces for smaller businesses.

The recent surge in build-to-suit projects means that farsighted investors have the opportunity to secure a custom space now that can be configured to their specific requests, both in terms of size and amenities. We can help put our clients in touch with the people who will make those decisions. Signing up for our service isn’t just about being able to view properties; it’s about being able to get a look at the future before anyone else does.

Qualities of the Best Retail Spaces in Waltham, MA

Waltham is located in Middlesex County in Massachusetts, and it has one of the most exciting histories because of its involvement in the American Industrial Revolution. Even though it may not be connected to your business, you can benefit from the background of this town because some of your potential customers may be visiting the area because of it.

Nevertheless, the city can provide you with other reasons why you should choose it as the location of your store. It is known for its studies and educational institutions, which can be useful if you target college students and young professionals.

This place is known for its watches and clocks, which is why it is often called the Watch City. If you want to establish your business in a community here, it may be the right location for you to do so. One of the reasons why you may want to pick the area is because it is just 11 miles from the northwestern region of downtown Boston. You can even access Brighton, which is a neighborhood in Boston and it is only within three miles from this city.

The Common is where you can find the city hall, along with memorial statues and several businesses. It is on the Main Street where you will also see the Post Office, town library, and many churches. This city is situated along the Charles River, and its location gives it several dams, which were once used to power the textile mills in the area. In this case, you will discover plenty of massive buildings that once served as a place for these mills. Most of them are warehouses and structures where you may want to start your business.

The city has plenty of villages, such as the North Side, Northeast, Banks Square, and the Bleachery. It also has other neighborhoods, including Chemistry, Ellison Park, Highlands, Island, and Wildwood Acres. Meanwhile, other towns border the city, including Weston and Lincoln, which are both found on the west side. Meanwhile, Watertown and Belmont are on the east. Lexington is on the north and Newton is on the south.

Picking the Location of Your Store

The good news about choosing this place for your retail business is that you have plenty of options. The real estate market looks like it is booming and the commercial properties are abundant in the area. Some neighborhoods have expensive units, but they are in a very convenient location. You will mostly think that they are a good investment because your business has a high possibility of thriving in the area.

Some units are also affordable, but that does not mean they are not of good quality or are in a bad neighborhood. These properties are inexpensive because they may lack some of the features of the costly units. However, you may still want to consider them, especially if you are currently on a tight budget.

In Totten Pond Road, you will see some properties that cost approximately $17 to $20 per square foot per year. The units here are typically small in which they range from 800 square feet to 900 square feet. Of course, you can still find some larger ones in the area. The beauty of these smaller structures is that they can help you save money and they can even provide you with an additional unit that you can use as your office or even as your storage.

Other neighborhoods that you may want to check are Bear Hill Road and of course, Main Street. The latter is an excellent place for you, whether you are just starting out or you have a name in the industry where you currently belong.

Listing Your Property

If you are looking to get some extra cash with the help of your available space, you can lease it or even sell it to the right entrepreneur. You will mostly find some business owners who are willing to try their luck in this city because of the opportunities it may present to them.

When you list your property online, you are publicizing the unit to the buyers or the potential renters. You want to make sure you get the word out there, particularly to the right group of people or company. You can try newspapers or other channels of advertising your property. However, in today’s world, nothing can beat an online listing.

More and more people are turning to the real power of online advertising, and you surely want to find an occupant right away. You can achieve that when you list your property online.

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