East Bridgewater, MA Commercial Real Estate for Sale and Lease
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What to Expect
This Plymouth County town had a population of around 13,800 at the time of the 2010 U.S. Census. Situated about 27 miles southeast of Boston, it is home to a wide array of commercial properties, including office space, retail space and industrial space. Zero in on what you need quickly by availing yourself of Boston City Properties' resources.
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Bucolic and picturesque, this town in Plymouth County, MA is home to just under 14,000 residents as of the 2010 census. It was settled in about 1630 by European settlers and was first called the East Parish until 1723. It was officially established in June of 1823 as its own town. The town was traditionally based on agriculture for its economy, but it was later home to some of the area’s most significant economic development. Several major transportation routes including Route 18, Route 106, Route 104, and Route 27 serve the town. Several MBTA commuter rails stop regularly on the western part of town. The town is also conveniently close to Boston Logan International Airport, which makes it a hotspot of opportunity for companies such as warehousing and manufacturing industries needing busy transportation routes to conduct business.
East Bridgewater Commercial Investment Properties
A mix of office spaces, mixed-use, manufacturing, warehousing and industrial properties forms the basis of the commercial property offerings in this town. Given its proximity to Boston, there are plenty of opportunities for tech and ecommerce companies focused on production and shipping. For the first time in history, companies are choosing to purchase or lease lower-cost buildings (those rated Class B or Class C) and fit them to meet their needs. Many of these older buildings have plenty of space, and they can be adapted relatively easily to meet a specific company’s needs. Outfitted with features like loading docks, plenty of land and the potential for office and warehousing space under one roof, the time is right for investors looking to finance and invest long-term in commercial properties in the area.
East Bridgewater Office Space Market
For companies that are looking for office space, there are many opportunities to rent and own in this area. The office space market features buildings classified as Class A, Class B and Class C. Historically, Boston has been home to many of the country’s top medical, academic and financial institutions. As such, one can still find buildings set aside for these specific uses on the current market. The life sciences and research sectors have also been historically well-represented, and there are a number of buildings to choose from in this category. Renters and prospective owners will find that many landlords are willing to negotiate the cost, and they may be willing to adjust the prices to give tenants and owners the opportunity for more space, and in turn expansion, in the future.
New construction is falling out of favor, and instead companies of all varieties are choosing inhabit less prestigious buildings. This is particularly true as rates continue to rise, which they have been steadily since 2016. Rental rates rose by over 10 percent in 2017, as investors and developers are realizing that the Greater Boston market is full of potential. While retailers are moving into general retail and mixed-use office space, companies with multiple needs are setting up home in flexible use buildings, which account for a quarter of the market.
An example of a Class B office space that tenants may occupy is a building offered for $155,000 on N. Bedford Street. The building offers over 8,800 SF of space, and it is zoned for office use. The building was constructed in 1988. The unit size is just under 1,500 square feet (SF), which leaves plenty of room for working and storage. The building has a lot size of 1.11 acres. The building is considered to be a good investment opportunity given its location and good condition. It also has 47 parking spaces.
East Bridgewater Retail Space Market
The retail market in this town is just as diverse and promising as the commercial market. Retailers will find possibilities in the quaint downtown area, which is full of boutique shops, small gyms, restaurants, bars and other conveniences. Retails may find the potential to set up shop in a larger strip mall or retail center with older and more established anchor clients. As with other types of commercial real estate, prospective retail clients will find that there are opportunities for lease and sales in all categories of buildings, ranging from the prestigious Class A buildings, which are outfitted with the latest amenities, to Class B and Class C buildings. Class A buildings have the highest price tag, but in turn they come with many features that tenants and owners pay extra for, such as off-street parking, security systems and client comfort options like elevators and private waiting rooms. Class B and Class C buildings, in contrast, may offer more space, but they might need extensive renovations to become more user-friendly.
In this town, one example of a retail space tenants might find is a 7,600 SF space located on Bedford Street. The space offers the opportunity to join a strip mall with several long-time anchor tenants. The space offers exceptional visibility and a healthy volume of foot and vehicle traffic. The building covers about 52,860 SF. It was constructed in the early 1950s, and has been well maintained by previous and existing clients. The location is more favorable for cars than people walking, but it is offered for a negotiable lease term and is immediately available.
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