Brockton, MA Commercial Real Estate for Sale and Lease
Tracking down the right commercial real estate in Brockton, MA, is a breeze with Boston City Properties. That's because we maintain one of the largest and most exhaustive online real estate database for Massachusetts properties around. We don't charge a thing, either. You just have to complete and submit a simple form to start using it. We have real estate experts on hand who know the ins and outs of commercial space in this city, and they can help you further when the time is right.
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What to Expect
A city of around 94,000, Brockton is located just 25 miles south of downtown Boston. It's close to a number of major freeways and highways, so it's an optimal place to operate a business. This Plymouth County city has a h2 economy, and businesses here tend to do well. Whether you're opening a business yourself or are simply investing in commercial real estate, you'll find a wide array of viable options.
Business in Brockton
Production, transportation, sales and office administrative support are among the top industries in the city. Therefore, you'll find just about every type of commercial real estate space imaginable here. From retail storefronts in bustling business districts to sprawling warehouses and buildings in industrial and manufacturing centers, there is a wide array of options. At any given moment, numerous businesses are for sale here too, and you'll get first dibs by connecting with Boston City Properties.
Commercial Space
What kind of commercial space are you seeking? If you're an investor, you'll be tickled by the many exciting opportunities that are available in this bustling city. If you're going to be opening your own business, you'll appreciate the many configurations that are available for everything from retail space to office space to industrial and manufacturing space. With our help, zeroing in on what you need will be a snap.
How to Find Commercial Real Estate
The best and easiest way to find top-notch commercial real estate in Brockton, MA, is by signing up for free, instant access to Boston City Properties' incredible online real estate database. It's completely free to use. To gain access, you just have to complete and submit the simple form on this page. You will then have the opportunity to restrict your search to this city or to any other town or city in Massachusetts that you want. Input your criteria to filter your results according to your exact requirements.
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The perfect commercial space in this Plymouth County city is waiting for you right this minute. Don't let it slip through your fingers. Sign up now to start searching our extensive, continually updated online commercial real estate database. When you find properties that pique your interest, a member of our team can take you to check them out. If you need additional information about any properties at any time, please do not hesitate to contact Boston City Properties.
Settled in 1700 and incorporated in 1821, this city is the seventh largest in Massachusetts. It is sometimes called the “City of Champions,” as it was home to several premier athletes. The city has a population size of just over 95,000 according to the 2010 census. It is part of Plymouth County, and was once inhabited by Native Americans, as were many other towns and suburbs in the area. This picturesque and iconic city has a strong history of quality education and industry, which is an ideal combination for commercial investors and businesses looking to move into the area. It has historically been a center of innovation and progress, which is another benefit for those looking to set up shop here or invest in industry and commerce in the long run. The city was formally established in 1861. It was once a primary producer of shoes, and supplied soldiers in the military with footwear during World War I. The city was also once a main producer of leather goods, and it was previously a booming center for these two types of manufacturing facilities. The city then expanded its shoe operations to become the leading supplier of shoes to citizens around the country. Although footwear is no longer produced as avidly within its borders, the city is still home to a number of thriving businesses and corporations, which range from small mom-and-pop stores to more sizable commercial clients. The same entrepreneurial spirit remains in the city, and it is rife with opportunity for commercial customers looking to establish roots and employ a local workforce that is ready and able to work. The city is the most densely populated in the county, and it calls itself the sixth biggest community in the commonwealth. The city is home to many firsts, and it is still considered a center of economic activity and promise in the Greater Boston metropolitan area.
Brockton Commercial Investment Properties
In keeping with tradition, there are many reasons why it makes sense for commercial investors to consider this place to be one of hope and promise. Businesses and corporations of all sizes have called this city home for many years. They have existed peacefully side by side and offered different but complementary services, such as employment opportunities at the larger companies and specialty goods and basic needs offered by the smaller retail clients and boutique stores. The city is close to Route 24 and Route 28, which makes it poised for growth and development. Vacancy rates have been about eight to ten percent for commercial and industrial buildings throughout 2017, with thousands of SF of space available along the main highways and transportation routes. Investors are realizing that the influx of the ecommerce and technology sectors is forecast to heighten Boston’s economic growth, and at the very least maintain its stability. Vacancies are open across all types of commercial properties, making this a prime time for companies and investors to get their foot in the door. Sales and rental rates are projected to rise in the next several years as vacancies are filled and the area becomes a thriving place to conduct business.
A diverse mix of retail and commercial properties are available on the market, which openings for sales and rentals in all parts of the city. There are some spaces available closer to the heart of town, which offer more visibility and sometimes more traffic, but also typically fetch higher prices. Other spaces are set in quieter locations away from the heavily trafficked commercial areas of the city. These spaces typically cost less to rent or own, and they may offer more space. However, the downside is that businesses in these areas might not get the volume of traffic that they need to stay active and engaged with the community.
Brockton Office Space Market
As with many other Boston metropolitan areas, healthcare, education and the life sciences have historically been the most well-represented business types in this area, along with the short-lived boom of shoe and leather goods production. There are three major hospitals in the area, which are the Good Samaritan Medical Center, the Signature Healthcare Brockton Hospital, which is located on the eastern side of the city, and the Brockton Veterans Administration Hospital that is situated in the southwestern part of the city. The Veterans hospital has the unique advantage of being a home and study point for the Harvard South Shore Psychiatry Program. The hospital is both a teaching hospital for medical residents in various areas of specialization, and it is a community health center that provides care for income-based community members. The prominence of these medical facilities is proof that the health and medical sector is alive and well in the town, and it appears that this one profession that won’t be a touch-and-go sector. As prospective tenants will find, there is quite a bit of opportunity still for commercial tenants seeking designated space for medical purposes and life sciences research. There are a number of office buildings and spaces, located within the city’s borders and in the Greater Boston area in general, that have been set aside specifically for medical use. Many of the medical buildings are classified as Class A properties, which means that they are equipped with the most coveted features and state-of-the-art technologies. Some features that prospective tenants might find in these types of buildings are handicapped-accessible waiting rooms and atriums. There are also usually separate waiting rooms for each doctor’s office and central professional atrium. Private parking, a rare and coveted amenity in and around Boston, is also usually available for tenants and their clients in Class A buildings. The office space market in the city is quite diverse, with space availability and pricing varying widely based on multiple factors, like location within the city and the age of the building. The location’s “walkability” score and its access to transportation hubs also plays a role in the pricing of office space, and even factors like whether or not the landlord is willing to negotiate a sale or rental price.
There are many listings available for prospective commercial tenants to consider in this town. The spaces available range from single units of several hundred to several thousand SF to larger buildings offering thousands of SFage for space and even a location on large lots, which invites the potential for future expansion. Tenants looking at space in Class C buildings may be looking at sales prices of about $225,000 for a building with just over 1,600 SF of space. An example of this purchase is the Class C building for sale at 130 Liberty Street. This building is a small, picturesque building that is suitable for a variety of uses, such as for a law office, a private accounting firm, a psychiatrist’s office and more. The building was constructed in the late 1980s, which means that there will likely be few necessary renovations and improvements needed in the next several years. The building offers one unit for sale in quiet and pleasant location with picturesque landscaping. The building sits on five acres of land, which produces a surrounding property characterized by tall shade trees, shrubs and manicured lawns. The building offers single-office space of about 805 SF. The location is considered a bit more difficult to get to, with an average walking score and reliance on cars or other private transportation to reach. The building has two floors, as do many small offices in the area, and it comes with two private onsite parking spaces. The facility also features a conference room and a separate reception area. An example of a Class B property that prospective commercial tenants might find in the area is a well-maintained picturesque medical office building that was constructed in 1960. The building, which is located on Main Street, features a naturally visible and prominent location. It is advertised as being in move-in ready condition. The building offers about 10,200 SF of rental space, with offices specifically suited for medical use. The facility is entirely handicap accessible, which also makes it more accessible and raises its value. The combination of onsite medical and office space means that prospective tenants will have an all-in-one situation where they can accommodate patients and perform requisite tasks like paperwork, filing and scheduling appointments all under one roof. As with other Class B properties, this building is advertised as being in move-in ready condition with little or no effort required on owners’ parts for doing repairs and renovations, which can be time-consuming and costly.
Brockton Retail Space Market
The retail space market in this town is equally active and full of potential. From small mom and pop stores to more established clothing stores, bars, bakeries and fitness centers, there are retail-specific spaces located across the city to suit everyone’s unique needs. As with commercial spaces, retail spaces range from Class A spaces, which are the top of the line and most move-in ready spaces, to Class B and Class C properties that have lower prices but fewer amenities and may require some improvements. Pricing varies based on factors like the tenure of the lease, if the property in question is a rental property, as well as the age of the building and its location. For a lease or rental in a good building that is located in a visible spot, retailers can expect to pay an average of just below $1.40 per SF per month. Retailers looking to purchase a building can find one for about $450,000.
Retailers may find spaces available already set up for certain uses, such as bars and restaurants. Tenants in the food services industries will find that there are a number of vacancies in properties that have previously been used for culinary purposes. They will discover that some buildings house current and former tenants that have been granted local liquor licenses, which in turn saves them the headache of going through the rather lengthy license application process. An example of a premier retail property offered for lease is a general retail space situated at 1159 on Main Street. Tenants will enjoy a prime location in a building that covers over 11,200 SF of space. The building sits on a half-acre of land. It is presently used as a residential living space, but it can either be converted into exclusive retail space or used for the dual purpose of retail and living. The facility is a freestanding building that has its own parking lot. It is classified as a Class B building that was constructed in 1855. The building, like many in the area, rises to two stories. In addition to leasing the property, tenants have the option of purchasing the building for about $440,000. As with other spaces in the area, landlords may be willing to negotiate the sale or lease price. This facility comes with some safety features, such as a sprinkler system throughout the entire building. It is advertised as being in a walkable location but is a bit more difficult to reach via private and public transportation. Another example of a retail space that prospective tenants might come across in their search is a newly constructed building that resides on Belmont Street. This building leases for a price of $16.56 per SF per year. As with many buildings in the area, it is two stories high. This building is clean and comfortable. One of its main assets is ample offsite parking. Tenants here will assume about 2,550 SF of space. The location is considered “very walkable,” but it is slightly more difficult to reach via motorized transportation. Units on the first floor enjoy large windows and exceptional visibility, while the quiet second floor spaces are ideal for either offices or residential apartments. Because of the relatively high volume of foot traffic, the building is considered ideal for prospective customer service-oriented enterprises like restaurants, coffee shops, and candy stores.
Lastly, some residential spaces are set up and ready for specific tenants to move right in. One such example is retail space at 792 N. Montello Street. This space covers over 7,900 SF. It is established as a restaurant and bar space that has exceptional visibility and a perfect interior setup for customers in the culinary industry. The building, which is offered for sale for a price of $450,000, was constructed in 1960. The benefit of this building is that it has served as the home to popular local bar and restaurant for over 40 years. This can automatically bring traffic and business to incoming tenants, who can benefit from the previous establishment’s popularity. The building is considered to be in good, well-maintained condition. It is situated conveniently to several major transportation corridors, including Route 24 and Route 28. The building is on the northern side of the city. It is located in an area that is dominated by residential neighborhoods and a number of other small businesses. This office space is situated in a very pedestrian-friendly area, which in turn boots its appeal and attraction for local residents and visitors. The building sits on about a quarter acre of land.
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Commercial Property List