Framingham, MA Commercial Real Estate for Sale and Lease

Don't waste time or money searching for great commercial space in the bustling town of Framingham, MA. Instead, sign up for free, immediate access to Boston City Properties' extensive online real estate database to quickly zero in on what you need. Whether you're interested in buying or leasing retail space, industrial space, office space or other types of commercial real estate in this town, we have you covered.

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What to Expect

With its location about 20 miles west of Boston, Framingham is close enough to the city to offer many exciting opportunities for business owners. Indeed, this Middlesex County town of around 68,000 has a diverse economy, which means that businesses across many industries thrive here. As a result, you can take your pick from a wide array of commercial real estate options. The best way to pinpoint the best options is by connecting with Boston City Properties.

Business Districts

The economy of this vibrant town is dominated by offices and retail businesses. As a result, there are many office buildings, office parks and business districts around town. If you're looking for manufacturing or industrial space, you can take your pick from many options as well. Commercial investment properties are also readily available, and they tend to produce great returns for their owners.

Commercial Space in Framingham

Regardless of your requirements, there's sure to be suitable commercial space for you in this fast-paced town. The main problem that people encounter is having access to accurate, timely information. Having such information at your fingertips makes the process so much easier, and you will get that and so much more by signing up for free access to Boston City Properties' searchable listings. In doing so, you'll have timely, accurate information at your disposal, which allows you to make more informed decisions.

Tips for Identifying Great Commercial Real Estate

In the old days, the only way to find commercial space in a town like this was by pounding the pavement and spending hours on the phone. Now, you can simply complete the form on this page for instant, free access to our vast, searchable Massachusetts real estate database. Restrict your search to this town to see what's available, and adjust filters for things like total square footage and price to zero in on properties that suit your budget, needs and preferences to a T.

Start This Instant

The perfect Framingham commercial real estate is waiting for you right now. Don't let it pass you by. Instead, sign up here and now for immediate access to our searchable listings. In short order, you'll have a list of promising options right in this bustling town. Our listings include detailed information about each property as well as large, detailed photos. Virtual tours are sometimes included too. When you're ready to tour properties in person, get in touch to be connected with skilled agents in the area. We're ready now, so contact Boston City Properties today.

Once called the largest town in the United States, this municipality is classified as a city beginning in 2018. As of 2010, it had a population size of 68,318. The city was settled in the 1600s and officially incorporated in 1700. It lies in Middlesex County and is part of the metro Boston area.

The city is located on a historic path called the Old Connecticut Path. It was first settled by Europeans in the 1640s, and was initially a center for agriculture. It was later a site for military activity, and eventually opened its doors for manufacturing and industrial operations. Several major medical and life science companies call this city home, which is appealing for investors looking for evidence of a strong, vibrant and healthy economy. The city was once home to the Dennison Manufacturing Company, which was a major producer of jewelry and watches. The company was established in the 1840s and merged with Avery Dennison in 1990. This set the precedent for commercial growth and manufacturing.

Framingham Commercial Investment Properties

Today, the town enjoys a healthy mix of commercial, industrial, and retail enterprises. This, along with the fact that the population has continued to grow steadily in the past 10 years, makes the city a solid and dependable choice for investors. The city is also equipped with good public transportation, and it is located just 25 miles from Boston Logan International Airport, which is one of the busiest and most strategic airports for people and businesses on the East Coast. I-90 and several busy state routes run through the city, and there are also several types of bus transportation and rail service available through the MBTA.

The city is the 14th most populated metropolitan area in the vicinity, which makes it a prime center for business growth, job opportunities and prospective retailers, who will need to meet the city’s residents’ needs. As with other areas around Boston, this city is poised for commercial development as medical and life science companies continue to conduct business in the area, and new tenants in the fields of ecommerce and technology are steadily moving into the area.

From designated medical and banking offices to mixed use spaces and general retail opportunities, there are many options for investors looking to fund a development project. Openings are showing up in Class A, Class B, and Class C buildings, giving future tenants and owners considerable flexibility in choosing what kind of space to get. For the first time, demand for Class B buildings is outpacing the demand for Class A buildings, which are equipped with the latest amenities, and which often have the most strategic locations. Rental rates are being pushed higher in the Greater Boston, while outdated but conveniently located facilities are being renovated or converted to other property types. In the third quarter of 2017, there was over 12 million SF of supply for commercial and industrial buildings in the Boston area. That broke down to just over one million direct square feet available and over 47,000 SF of space open for sublease. Vacancy rates were at 8.6 percent.

Framingham Office Space Market

The office space market in this municipality is quite diverse, with a combination of buildings of all categories (Class A, Class B, and Class C) available for sale or to rent. One type of commercial building prospective owners may come across is Class C general office building located on Worcester Rd. The building is located off of Route 9 in the Golden Triangle area. It covers a total of 5,421 SF of space, and has a first floor that is dedicated exclusively for professional office use. There is a second floor with another 1,455 SF of space that can be used for office purposes too or converted into another use, such as retail space and even residential living space. The building has a sale price of $699,000. The building was constructed in the mid-1960s and may need some modifications and improvements. The lower level features a walkout area with an overhead door. There are generous amounts of offsite parking available on three sides of the building. It is situated near the Worcester Road Plaza, which is a busy retail center that contains several longtime anchor tenants. The proximity to those established tenants and the natural volume and visibility that the plaza affords makes this spot one to watch for investors, as they will want to see some stability in funding a project or a company moving into the area. The building is located in a pedestrian-friendly area. It is easily accessible by car, and it can also be accessed, albeit to a lesser extent, by public transit.

Those looking to rent space in a high-quality building may find a place like the office building at 50 Speen St., which has two spaces available for rent. The building is a modern Class A building that covers about 32,000 SF of space. The space available for rent amounts to somewhere between 0.09 acres and 0.18 acres. The building is listed as having a rental price of $1.92 SF per month, which is about average for a fully-equipped Class A building in the area. The office building features a prominent location with easy access to the Mass Pike and Route 9. It was constructed in 1977 and is considered to be in an area that requires car transportation or public transportation to reach. As with many Class A buildings, tenants moving into this building will enjoy central air conditioning, a security system, and an on-site property manager. The building is also equipped with a private parking lot that is covered, which is convenient for both employees and visiting clients. Recent renovations to the building mean that tenants won’t have to worry about moving into a place that may need time-consuming and expensive repairs in the near future.

Framingham Retail Space Market

With designated restaurant and bar spots to general retail space in shopping centers and freestanding buildings, there are numerous opportunities for retailers moving into the area as well. On average, retailers can expect to find a lease rate around $1.00 per SF each month. However, those numbers can range widely depending on factors like location, age of the building, amenities like parking and security, and more. Retailers should note that the demand for space in this town and the Boston suburbs continues to rise, which in turn is pushing rental rates higher. In 2017, there was a 10 percent increase in rental rates over 2016.

There are still a number of opportunities open for retailers, however. Space for retail use ranges from downtown buildings to office buildings and shopping centers outside of town. Those looking for a spot downtown may find space in a building like the two-story brick building at 31 Hollis Street. This building is categorized as a general retail building. The first floor is designated for retail and professional use. The upper floor can also be used for business, or it can be used as a residential space. This storefront property covers a total area of 15,404 SF. The rent is not listed, meaning that tenants are encouraged to contact the landlord for pricing. Tenants moving into the building will enjoy multiple entrances and a shared common area among the tenants. The building was constructed in 1980 and has the advantage of being in a highly walkable area. Some public transportation available to get here. Private parking in the rear of the building is a benefit of the facility, as are the on-site management and property manager. There are several major tenants in the building, including a health company, a hair salon, a research organization, and a technology company.

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