Weymouth, MA Commercial Real Estate for Sale and Lease

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What to Expect

This bustling Norfolk County city is city is located roughly 17 miles southeast of Boston and had a population of approximately 53,700 in 2010. Due to its proximity to the city and sizable population, it has a lot to offer in terms of commercial space. Whether you need office, retail or industrial space, you're sure to find it through our database.

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Located in the Greater Boston metro area, this city was home to just over 55,640 people as of the 2010 census. It was founded in 1622 and is the second oldest township in Massachusetts. The town is located along the South Shore, and it is desirable for both its picturesque landscape, a town beach, and its easy access to downtown Boston by several types of public transportation, including an MBTA Commuter Rail line and several lines of the MBTA bus. Retailers are drawn to the city for its large permanent population and its influx of tourists and transient visitors who demand retail-like services. Commercial enterprises are eyeing the town for business potential due to its proximity to Boston and access to Route 3, which is a busy transportation route.

Weymouth Commercial Investment Properties

Due to its affordability and proximity to Boston, this city is full of potential for commercial activities. For that reason, investors are actively watching opportunities to fund development projects in the area. Fueled by Boston’s economy, commercial activity is expected to increase in the city in coming years as a base of medical, finance, and legal businesses continue to provide services to residents. These traditional sectors of the economy are being joined by ecommerce and tech companies, which are looking to move into the area with the intent of having the potential for future growth. This increasing trend is apparent with companies like Amazon, which is looking to purchase a building of about eight million SF to expand its business operations in the coming years. A combination of existing large buildings, like warehouses and industrial buildings, and the potential to fill the needs of the population around Boston for consumer goods, is attracting more and more ecommerce and technology companies to the area.

In the Boston metro area, there have been large volumes of commercial space available in the past few years. Vacancy rates have previously been high, but they are following a downward trend as commercial entities are moving at an increasing rate into the area. In the second to last part of 2017, there was about 70 million SF of supply space in office and industrial buildings in Boston. Of that amount, about 6,456,000 SF was designated as direct SF. There was approximately 1,175,000 SF of space suitable for subleasing as well. Vacancy rates across all categories of buildings were just under 11 percent. In 2017, the total absorption rate was 124,888 SF. Manufacturing buildings accounted for the highest percentage of activity in the market, with a 43 percent share. Flexible-use buildings accounted for approximately 21 percent of the market, while warehouse buildings and high bay buildings, which have at least a 24’ clearance height, held 18 percent of the market share apiece. On average, incoming tenants are seeking about six million SF of space in the buildings that they choose to own or rent, which is most readily available in manufacturing buildings. However, they are also interested in the opportunity for flexible use space, and therefore the demand for flexible use space is expected to rise in the near future. Need for Class B buildings is outpacing demand for Class A buildings for the first time in the Greater Boston area’s history. Incoming tenants are finding that they are getting good value for Class B buildings, which have the space they need in a location that they want. Unlike Class A buildings, which are usually intended for specific uses, Class B buildings offer tenants the opportunity for a custom finish. Class B buildings often lack the modern amenities and creature comforts of Class A buildings, but they are nevertheless sufficient for many commercial activities, and they can be easy to upgrade for modern purposes.

Weymouth Office Space Market

Office space, both in town and away from the town’s center, is in high demand. Companies ranging from small businesses to large multi-million ecommerce and tech companies are snatching up office space in this city. Low price points are a major incentive for them to move into the area, and lower prices mean that they can get a good deal on a property with enough space that they can confidently expand in future years. Office spaces are appearing in traditional office buildings and office parks, and companies are finding that they can convert space in warehouse and industrial buildings for use as office space. This is particularly appealing for multi-faceted companies that want to be able to conduct all aspects of their operations under one roof.

For an average price of $1.30 per SF each month, prospective tenants might find space in a modern and functional building. One such opportunity is a single office space available in a medical building on Main St. The building expands 13,000 SF. The space available for lease provides tenants with anywhere from 0.05 to 0.16 acres of space. The building sits in a picturesque location, and it is located along the highly trafficked Route 18 corridor. The building dates back to 1975, and it has been renovated and modernized over the years to keep with current medical demands. The building is used as a professional medical building, and incoming tenants can use all space available in this unit or sublease a portion of it. The main benefits of the building are considered proximity to Route 3, which is another major transportation route, and the South Shore Hospital. The expansive private parking lot behind the building has more than enough room for the building’s tenants and visiting clients. The building was once used by a prominent eye care provider, and it is known for having a high patient volume. The building comes with a flexible floor plan and the landlord allows tenants to make improvements as they see fit.

Weymouth Retail Space Market

The retail market in this city is just as promising as the commercial market. Retailers large and small are still seeing the potential to meet consumers’ needs. They are finding space to rent and own in the city’s busy downtown center, as well as in larger shopping centers and busy retail plazas located along the largest roadways surrounding the town. The retail market includes a mix of different types of buildings, including general retail buildings and buildings designated for specific uses, like restaurants, bars, and clothing retailers. The average rental price for a retail space in this city is about $1.60 per SF each month. However, rates can be higher or lower depending on factors like the building’s age and its location.

Those looking for general retail space might be interested in an opportunity like a single retail space located in a building at 138 Bridge St. The space is listed for a price of $1.66 per SF each month. For that amount, tenants will get a space of up to 3,300 SF of usable space in a building with an area of 5,797 SF. The building is new, and its construction was finished in 2016. It is located in a prime commercial space on Bridge Street, which receives a high volume of car and truck traffic each day. The building is found in a somewhat walkable location, and it is accessible by some forms of public transit. The building offers a flexible floorplan, and incoming tenants have the potential to either use the 3,300 SF of space available or divide the space into separate areas to be subleased out. The building was originally used as convenience store and a dry-cleaning facility. The convenience store provided multiple refrigeration units, which tenants can use for an additional fee.

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