Somerville, Massachusetts, is a hub for commercial activity, making it an ideal location for a Commercial Real Estate Property For Lease. With its proximity to Boston and Cambridge, Somerville offers a unique blend of amenities, infrastructure, and education, making it an attractive destination for businesses and individuals alike. The city is home to Tufts University, which is recognized for its community service projects that benefit the city. Additionally, Somerville has a well-developed transportation system, with high bus ridership and a network of bike paths, including the Somerville Community Path, which connects Lowell Street to the Cambridge border near Davis Square. The city's efficient emergency services, provided by the Somerville Fire Department and Cataldo Ambulance Service, further enhance its appeal.
With 91 Commercial Real Estate Properties For Lease available in Somerville, businesses can choose from a range of options to suit their needs. Somerville's diverse commercial landscape is characterized by various nodes or corridors of business activity, including Davis Square, known for its vibrant nightlife, live music, and theaters, and Assembly Square, which stands out for its large-scale retail options and convenient highway access. Office Space, Coworking Space, Retail Space, and Industrial properties are all available in Somerville, each offering a unique character and contributing to the city's diverse commercial landscape. For instance, Office Space in Somerville offers proximity to major transportation hubs, while Coworking Space provides a collaborative environment for startups and entrepreneurs. Retail Space in Somerville benefits from the city's high foot traffic, and Industrial properties take advantage of the city's efficient transportation infrastructure. Overall, Somerville's Commercial Real Estate Properties For Lease offer a unique blend of amenities, infrastructure, and education, making it an attractive destination for businesses and individuals alike.
What factors should I consider when leasing commercial real estate?
When leasing commercial real estate in Somerville, there are several key factors to consider, including:
- Location and accessibility, with proximity to major transportation hubs like Davis station and Assembly station, as well as the city's network of bike paths and walkable neighborhoods;
- The size and layout of the space, with average sizes ranging from 26,883 square feet to 469,000 square feet, and average annual rent per square foot of $40 USD;
- The local economy and industry trends, with major sectors including food service, moving services, 3D printing technology, and publishing, and a mix of industries and major employers like Gentle Giant Moving Company, Formlabs, and Candlewick Press.
How do I determine the right size and type of commercial property to rent for my business needs?
When determining the right size and type of commercial property to rent for your business needs in Somerville, it's essential to consider factors such as your company's growth projections, employee count, and operational requirements. By assessing these factors, you can narrow down your search to find a property that meets your specific needs, whether it's a small office space or a larger industrial facility.
- Start by evaluating your business's current and projected needs, including the number of employees, equipment, and storage requirements.
- Consider the average size of available commercial properties in Somerville, which is approximately 26,883 square feet, and the maximum space size, which is around 469,000 square feet.
- Research the local market to understand the average annual rent per square foot, which is currently $40 USD, to determine a budget that works for your business.
