Office Properties in Newton, Massachusetts offer a unique opportunity for investors to tap into the city's diverse economy and rich history. As a hub for education and healthcare, Newton is home to notable employers like Boston College and Newton-Wellesley Hospital, making it an attractive location for office spaces. Office Properties in Newton can represent a range of investments, from small startup spaces to large corporate headquarters, and offer a chance to be part of the city's growing business community. With its proximity to downtown Boston and access to major transportation hubs like Route 9 and the Mass Pike, Newton provides an ideal location for businesses to thrive. The city's amenities, including Crystal Lake, Heartbreak Hill, and the Chestnut Hill Reservoir, also make it an attractive location for employees and clients alike. Additionally, Newton's cultural attractions, such as the Newton Symphony Orchestra and the Jackson Homestead Museum, add to the city's appeal as a great place to do business and travel.
With 7 Office Properties for sale in Newton, investors have a range of options to choose from. The average price per square foot is $465 USD, and the average size of these properties is 16,882 square feet, with the largest property spanning 24,539 square feet. In addition to Office Properties, Newton also offers a range of other commercial properties, including Commercial Real Estate, which can provide a steady stream of income for investors. Apartment Buildings are another option, with many located near public transportation hubs and amenities like Crystal Lake and the Chestnut Hill Reservoir. Shopping Centers, like those found in Newton Centre, offer a chance to invest in retail spaces, while Hotels, such as those near Boston College, provide an opportunity to tap into the city's tourism industry. Overall, Newton's diverse economy and range of commercial properties make it an attractive location for investors.
What is the average price per square foot for office properties in Newton?
The average price per square foot for office properties in Newton is $465 USD, with an average size of 16,882 square feet and a largest size of 24,539 square feet, among the 7 available listings.
What should I know about office property classifications (Class A, B, C)?
When searching for office properties for sale in Newton, it's essential to understand the classification system, which categorizes properties based on their quality, amenities, and location, to make an informed investment decision.
- Class A office properties are typically high-rise buildings with premium finishes, advanced technology, and prime locations, often attracting high-end tenants and commanding higher rental rates.
- Class B office properties offer functional space with standard amenities, often located in decent areas, and are suitable for a wide range of tenants, providing a balance between quality and affordability.
- Class C office properties are usually older buildings with limited amenities, located in less desirable areas, and are often priced lower, making them ideal for startups or small businesses on a budget.
