Somerville, Massachusetts, is a hub for restaurants, with its densely populated cityscape and walkable neighborhoods making it an ideal location for food establishments. With a population of around 80,000 people, Somerville offers a diverse range of amenities, including the Somerville Community Path, Dilboy Stadium, and the Somerville Museum, attracting visitors and locals alike. The city's well-developed transportation system, with high bus ridership and a network of bike paths, ensures easy access to restaurants for lease. Additionally, the presence of Tufts University and major corporations like Gentle Giant Moving Company, Formlabs, and Candlewick Press creates a thriving business environment, making Somerville an attractive location for restaurants. The city's efficient emergency services and waste management systems also provide a supportive infrastructure for businesses to operate smoothly.
With 2 restaurants for lease in Somerville, entrepreneurs and investors have a wide range of options to choose from. Somerville's restaurants benefit from the city's vibrant arts scene, with annual events like Porchfest and the Fluff Festival drawing in crowds. The city's diverse neighborhoods, such as Davis Square and Assembly Square, offer unique characters and attractions, making them ideal locations for restaurants. In addition to restaurants, Somerville also offers a range of other property types, including retail space, commercial real estate, and flex space, each with its own advantages and opportunities. For instance, retail space in Somerville can capitalize on the city's high foot traffic, while commercial real estate can benefit from the presence of major corporations. Flex space, on the other hand, offers versatility and adaptability for businesses. Overall, Somerville's unique blend of amenities, infrastructure, and business environment makes it an attractive location for restaurants and other businesses.
How are restaurant leases typically structured?
Restaurant leases in Somerville are typically structured with an average annual rent of Price Upon Request per square foot, with spaces ranging from 4,075 square feet to 4,075 square feet. With 2 available listings, restaurateurs can find a space that fits their needs, whether it's a cozy spot in Davis Square or a larger location in Assembly Square.
What kitchen equipment is usually included in restaurant leases?
When it comes to restaurant leases in Somerville, you can typically expect to find essential kitchen equipment included, such as commercial-grade refrigerators, freezers, ovens, stoves, and dishwashers, which are often already installed and ready for use in the 2 available listings.
In addition to these basics, some leases may also include specialized equipment like ice machines, pizza ovens, or espresso machines, depending on the specific needs of the restaurant concept and the terms of the lease, with average annual rent per square foot ranging from Price Upon Request and average space sizes of 4,075 square feet, up to a maximum of 4,075 square feet.
