Needham, MA Commercial Real Estate for Sale and Lease

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What to Expect

The Norfolk County town of Needham is directly adjacent to Boston and has a population of roughly 29,000. As a fairly large city, and thanks to its proximity to Boston, it has a ton to offer in terms of commercial real estate. You'll find industrial, office and retail space in fairly h2 supply, but the latter two in particular.

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With 12.6 square miles of land, this town of 28,888 in Norfolk County borders Boston, and therefore is becoming an increasingly attractive option for developers who want to take advantage of the area’s excellent location and available land. A number of forests and small lakes comprise the geography of this area, as well as numerous hills. With several large technology company headquarters and educational institutions located in the city, the need for more mixed-use projects is acute.

Recreation areas and green spaces include Cutler Park, the Charles River, the Needham Town Forest, the Glover Meadows, the Ridge Hill Reservation, Mills Field, and the Needham Golf Club. For those traveling by car, the area can be reached by Interstate 95 and Route 135. The area is also host to two MBTA Commuter Rail line stops, and bus service is available throughout the region.

Commercial lots occasionally come to market, including the property at 35 Fremont Street. Located off Interstate 95 near the neighboring city of Newton just north of Cutler Park, this property has 0.19 acres and is available for redevelopment purposes. The estimated rent for this property is $0.10 per square foot per month.

Office Space Market

Office space is plentiful and competitive in the market, with a host of brand-new developments seeking tenants, and retrofitted buildings remaking their spaces into boutique suites. The elaborate metal mesh facade of the office complex at 89 A Street acts as a kind of curtain wall for the floor to ceiling display windows on the ground floor. With a brick veneer and carefully maintained landscaping around the perimeter of the building, this complex of 247,000 square feet was completed in 2017, and offers state of the art facilities with cost-effective, energy-efficient materials. Suites between 8,000 to 20,000 square feet are available, and can be furnished per tenant needs. Each suite is also configurable, with an open floor plan that includes the potential for conference rooms, private offices, huddle rooms, a kitchen and storage space. The estimated rent for this property has not been disclosed.

The office suites at 400 Hunnewell Street are located close to downtown and only 0.2 miles from the MBTA Commuter Rail station. With 8,520 square feet of leasable space, the two story brick building is located next to a parking lot that has over 30 parking spaces. Built in 1975, the building is located on a lot of 30,000 square feet, and has bright, refurbished interiors. The sale list price for this property is $2,700,000.

With an innovative geometric exterior, the office complex at 109-123 Highland Avenue offers large carpeted suites with drop-tile ceilings and an onsite parking lot. Located off Interstate 95, the 22,447 square foot building was built in 1974, and has been beautifully maintained. Only 1.3 miles from the nearest MBTA Commuter Rail line station, this complex has suites available from 2,000 to 3,100 square feet in size. The estimated rent for this property has not been provided.

For those looking for a beautifully designed space in a gorgeous neighborhood, the property at 145 Rosemary Street may be a perfect fit. The floor plan is highly configurable, with a maximum contiguous space of 13,000 square feet. The structure has several units of varying sizes available for lease, ranging in size from 3,000 to 8,500 square feet. Built in 1960, the building has a total leasable area of 86,269 square feet, and is only 0.4 miles from the MBTA Commuter Rail line station. The estimated rent for this structure has not been made available.

For those seeking easy access and ample amounts of room, the office complex at 175 Highland Avenue has 40,000 square feet of total leasable space directly off Route 128. The building also has covered parking, and a beautifully landscaped perimeter. Built in 1985, the building has been well maintained and has four floors of suites, ranging in size from 2,700 square feet to 8,000 square feet. The estimated rent for this property has not been provided.

The beautiful brick building at 52-56 Pickering Street was built in 1900, and has been refurbished. Located in downtown, this property has a small onsite parking lot and two floors of office space, with a total leasable area of 8,600 square feet. Only 0.3 miles from the MBTA Commuter Rail station, this property can also lease cubicles to interested tenants. The estimated rent for this facility is $1.35 per square foot month.

Retail Space Market

The downtown core offers a number of restored and retrofitted spaces for general retail, although retail complexes off the interstate are also common. The property at 901-915 Great Plain Avenue has a classic location downtown, and offers inviting display windows on the ground floor that look out onto the busy sidewalk. The roomy interior suites offer an open floor plan for custom configuration, as well as some built-in shelving. With 4,574 square feet of total space, units as small as 930 square feet are available for lease. The estimated rent for this property is $3.17 a square foot per month.

The property at 225 Highland Avenue has a fantastic downtown corner location in a beautiful building built in 2010. With a clock tower in back and a curved facade in front, this two-story complex has 7,600 square feet of available space near Interstate 95. The ground floor features eye-catching striped canopies and elaborately manicured shrubs along the building’s perimeter. With both office and retail options available, the interiors take full advantage of the building’s curvature to create captivating, brightly lit suites. Suites of 1,245 square feet are available for lease. The estimated rent for this structure is $2.58 per square foot per month.

With a prime location near the Charles River, the brick and masonry retail complex at 100 Highland Avenue offers excellent storefront space that overlooks a large parking lot. With 11,510 square feet of space, this building was built in 2006 and has suites of 2,100 square feet available. The estimated rent for this property has not been disclosed.

Meanwhile, the retail complex at 1183-1193 Highland Avenue features a green-tiled roof with a clock tower and an ample onsite parking lot. Located near downtown on a heavily trafficked street, the 10,000 square foot complex was built in 1963, and remains vivid and eye-catching. Recently refurbished and only 0.5 miles from the MBTA Commuter Rail line, this complex has suites of 2,500 square feet available. The estimated rent for this property is $2.50 per square foot per month.

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